OCR on hold but...

Thursday, July 28th 2011, 9:08AM

Reserve Bank governor Alan Bollard left interest rates on hold but gave strong signals that increases are coming soon.
 
In his OCR statement today  he said:  "Provided current global financial risks recede and the economy continues to recover, the bank sees little need for the March 2011 "insurance" cut to remain in place much longer."

More details here

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