Mortgage News

OCR cut unlikely this week

Monday 1st of October 2001

After his aggressive interest rate cut two weeks ago, practically nobody is expecting Reserve Bank governor Don Brash to cut the official cash rate (OCR) again on Wednesday, the official review date.

But just as near universal are the expectations of further rate cuts later on.

Brash cut the OCR from 5.75% to 5.25%...

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