
Mortgage News
Surprise OCR cut
Thursday 10th of March 2016
The RBNZ has cut the OCR to 2.25% citing a myriad of concerns particularly around weaker world conditions and lower inflation expectations.
There are so many concerns around the global economy that further OCR cuts may come.
The bank expects headline inflation to move higher over the year, but take longer to reach the target range of 1-3%.
Its key comments about the future ar...
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