OCR steady at 3 pc
Thursday, December 9th 2010, 9:07AM
The Reserve Bank has held the official cash rate steady at 3.00%.
With a weak domestic economy, drought in parts of the country and jitters about financial woes in Europe, the Reserve Bank was widely expected to keep interest rates on hold today.
Reserve Bank Governor Alan Bollard said: "Interest rates are now projected to rise to a more limited extent over the next two years than signalled in the September Statement.
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