Mortgage News

No move in OCR yet: Economists

Monday 22nd of April 2013

Of the 12 economists surveyed, all said the OCR would remain on hold at 2.5% - but one is predicting a move next quarter, to 2.75%.

Tom Kennedy, of JP Morgan, predicted the earliest increase and said he was only 75% sure that the rate would stay the same this week.

Earlier this month, Reserve Bank deputy governor Grant Spencer caused ripples when he said house price inflation was...

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