Mortgage News
Reserve Bank leaves OCR unchanged and rules out any easing this year
Thursday 9th of March 2006
He highlighted the fact that although the buoyant housing market is showing signs of cooling, he needs to see it continuing to slow to help ease inflation pressures.
Bollard left the official cash rate unchanged at 7.25% as everyone expected and wholesale interest rate markets barely moved.
However, the markets are still pricing in two rate cuts before the end of the...
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