Mortgage News

OCR unchanged; rate increases subdued

Thursday 13th of September 2012

 

“New Zealand’s trading partner outlook remains weak,” Reserve Bank governor Alan Bollard said. “Several euro-area economies are in recession and Chinese growth has slowed. The risk of significant deterioration in the euro area persists.”

Bollard says that in the New Zealand economy is expected to grow “modestly” in the next few years.

On the positive side: “Housing m...

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