News

OCR to stay low: Poll

Monday 11th of June 2012

A survey on the magazine’s Facebook page found 55% of respondents expected the Reserve Bank governor to leave the rate at 2.5% this week.

But 40% were expecting the rate to be cut even further.

That would indicate that the market is expecting low interest rates from banks for a while yet – one mortgage broker reported that he was able to secure a floating rate below...

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