
Mortgage News
OCR held, but for how long?
Thursday 12th of December 2013
While it hasn’t indicated when the OCR will rise, it said in its statement today, that “the bank will increase the OCR as needed in order to keep future average inflation near the 2% target midpoint.”
Elsewhere it notes that annual CPI inflation increased to 1.4% in the September quarter and inflation pressures are expected to increase. It says this number is well abo...
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