
Mortgage News
OCR increased to 5.5%
Thursday 29th of April 2004
Commenting on the decision, Reserve Bank Governor Alan Bollard said "The New Zealand economy continues to perform strongly and this is being supported by further improvements in the global economy."
However, domestic inflation pressures remain strong and annual CPI inflation looks set to rise over the year ahead, as we projected in our March Monetary Policy Statement.
Moving interest rates...
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