Mortgage News

OCR stays at 7.25%

Thursday 25th of January 2007
Reserve Bank Governor Alan Bollard said: “While indicators show that economic growth was continuing to moderate in the third quarter of 2006, it is increasingly apparent that domestic demand has rebounded since then, with retail trade picking up, a resurgent housing market and consumer and business confidence recovering strongly.

"The main drivers appear to be the decline in petrol prices s...

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