Mortgage News

OCR increased to 5.25%

Thursday 29th of January 2004
Governor Alan Bollard said "An increase in the OCR appears warranted to ensure that inflation remains comfortably within the target range over the medium term.

"The New Zealand economy has experienced a period of impressive growth over the past two years. But now productive capacity and the labour market are becoming relatively tight.

Reflecting this, inflation pressures in some parts of th...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.