
Mortgage News
RB expected to hold OCR till mid-2004
Sunday 19th of October 2003
Economists expect the central bank to leave its Official Cash Rate (OCR) unchanged at 5% both at Thursday’s review and well into next year."The Reserve Bank will remain comfortably on hold, despite the clear inflation pressure in housing," says Westpac Bank’s economists.
"The awkward stand-off between strong domestic inflation pressures, largely housing, and soft external pressures, parti...
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