
Mortgage News
No hurry to fix after OCR announcement
Thursday 9th of December 2010
Bollard left his official cash rate (OCR) unchanged at 3% and said while it is likely to rise modestly over the next two years, he won't be moving it "until the recovery becomes more robust and underlying inflationary pressures show more obvious signs of increasing."
Bollard specifically referred to weak household spending, weakening housing market activity and the prospect house prices...
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