
Mortgage News
Rate rise unlikely this week
Sunday 20th of January 2008
All 11 economists surveyed by Good Returns expect Bollard to hold his official cash rate (OCR) steady at 8.25%."Certainly OCR cuts look unlikely until early 2009 (barring a considerable down-leg in global growth) with a small probability of further Reserve Bank tightening over 2008," says ASB Bank economist Daniel Wills.
Figures released last week showed annual inflation at 3.2...
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