Mortgage News

Market looks to Bollard for guidance on interest rates

Sunday 7th of March 2010

Bollard's official cash rate (OCR) has stood at 2.5% since April last year.

The weaker data has reduced the urgency to lift the OCR from its current emergency level, says Nick Tuffley, chief economist at ASB Bank.

"The upside risks to the outlook have softened since December," Tuffley says. "The housing market is rapidly losing momentum, aided by the increasing likelihood tax adva...

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