Yesterday's expected hold on the official cash rate was, as stated by Bollard, due to economic activity showing signs of stablising and the high NZ dollar helping to keep the economy weak and Bollard also reiterated that he expects to keep the OCR at or below its current level until the later part of 2010.
For more on yesterdays announcement click here and to read the economists views click here.
Our latest blog up today suggests that home loan rates is one big game of poker.
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