Mortgage News

Rate rise widely expected this week

Sunday 4th of December 2005

The OCR currently stands at 7% and the most likely decision on Thursday is that Reserve Bank governor Alan Bollard will raise it to 7.25%, although there's an outside chance he could raise it to 7.5%.

Deutsche Bank chief economist Darren Gibbs says he can think of several reasons Bollard may opt for the latter option, including a desire to...

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