
Mortgage News
Survey shows 100 pt cut highly likely
Friday 21st of November 2008
All nine economists surveyed by www.goodreturns.co.nz now expect Bollard will cut his official cash rate (OCR) from 6.50% to 5.50%. In October, he cut the OCR from 7.50%, the biggest move since the central bank introduced the measure in March 1999."The central bank has a very clear mandate: to keep inflation in a zero to 3% bank. The key think that’s happening is inflation is collapsing and...
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