Monday, September 17, 2007

ZenTiger Bollard holds back

The Official Cash Rate (OCR) will remain unchanged at 8.25 percent.

Reserve Bank Governor Alan Bollard said: "The outlook for economic activity and inflation has become more uncertain since we reviewed the OCR in July"

The exchange rate has dropped a fair amount too, bringing some relief to our exporters. With a cooling market, better mortgage rates may be on offer. I really have no idea which way the market will go in the next 12 months. I wonder if the markets will simply wait for the election?

Related Link: OCR unchanged at 8.25%

1 comment(s):

Greg Bourke said...

NZ.
Why is it so hot and why am I in this handbasket?

Watch all that home equity derived sense of wealth contract as house prices flatten. Fear and greed. People will spend up to thier limit then fear kicks in along with rises in food and petrol. Squeal!

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