Mortgage News

No OCR increase expected this week

Sunday 12th of September 2010

A Good Returns survey of 12 economists found all are expecting Bollard to hold his official cash rate (OCR) steady at 3%.

"Recent developments mean the Reserve Bank will err on the side of caution and hold off raising the OCR," says Christine Leung, an economist at ASB Bank.

Domestic growth has been below the central bank's expectations and the growth outlook for the US a...

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