Mortgage News

Stuttering economy likely to stay Bollard's hand

Monday 25th of October 2010

All 11 economists surveyed by www.goodreturns.co.nz expect Bollard to leave his official cash rate (OCR) unchanged at 3%. Bollard raised the OCR twice in June and July, the first upwards movements since mid-2007, but then held it steady at the last review in mid-September.

"We've got it from the horse's mouth. The Reserve Bank has made it clear they agree with current market pricing and...

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