
Mortgage News
OCR unchanged
Wednesday 2nd of October 2002
The Reserve Bank today left the Official Cash Rate unchanged at 5.75%.
Reserve Bank governor Alan Bollard commented "The New Zealand economy has shown solid growth over the past year with both domestic and export activity proving robust. Growth over the June quarter of 2002 was a little stronger than we expected.
"However, growth among our trading partners has continued to track at...
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