Mortgage Rates Commentary

Floating mortgage rates won't be rising any time soon

Thursday 28th of April 2011

Bollard left his official cash rate (OCR) unchanged at 2.5%, its lowest level ever. His comments about the high New Zealand dollar being unwelcome saw the currency drop about 0.7 US cents while his comments that inflation will settle comfortably within his zero to 3% band saw wholesale interest rates ease about five basis points.

Bollard's statement "wasn't shy in being dovish," says Cra...

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