Mortgage News

OCR unchanged, mid-year hike reiterated

Thursday 11th of March 2010

"The relatively sluggish recovery predicted in recent statements continues to play out," Bollard said in Wellington today.

"Households are still cautious, with house sales and credit growth remaining subdued. Business spending is weak despite much improved confidence."

All 17 economists in a Reuters survey correctly predicted Bollard would stand pat on interest rates today. Before...

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