Mortgage News

OCR to remain on hold until March 2013 - at least

Monday 23rd of July 2012

All 13 economists surveyed by Good Returns expect Bollard to leave his official cash rate (OCR) unchanged at its record low 2.5% on Thursday and the earliest they expect him to raise it is in the March quarter next year.

Seven economists are predicting an OCR hike in the March quarter 2013, five expect Bollard to wait until June or July and Peter Cavanaugh at Bancorp Treasury Se...

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