Mortgage News

Reluctance to cut may be wrong

Thursday 10th of December 2015

The RBNZ cut the OCR by 25bp to 2.5% - but said it expected the cut to be the last one for some time.

In the accompanying monetary policy statement (MPS), the RBNZ said its goal is to get inflation into the middle of its 1-3% target range and the current settings should achieve that.

ASB senior economist Jane Turner said, while the MPS indicated a very mild easing basis, the RBNZ...

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