Mortgage News

OCR should remain at 2.5%: Dickens

Thursday 29th of September 2011

The Reserve Bank's current 2.5% official cash rate (OCR) may be close to the neutral rate at which it neither encourages nor hinders the economy from growing, says economist Rodney Dickens.

The current OCR rate is the lowest it's ever been, well below its 8.25% peak between July 2007 and July 2008.

"The evidence from the economy suggests that the current level of the OCR at 2.5%,...

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