Mortgage News
Interest rates on hold until at least the second half of 2012
Thursday 8th of December 2011
As expected, Reserve Bank governor Alan Bollard left his official cash rate (OCR) unchanged at its record low 2.5% with the European financial crisis and its impact on the global economy the main reason.
While the central bank still has rate rises pencilled in from sometime after June or September next year, wholesale financial markets clearly don't believe that will happen as they didn'...
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