RBNZ gives its latest thoughts on OCR

Thursday, September 15th 2011, 9:33AM

This morning the Reserve Bank left the OCR at 2.50%. In its statement the bank said the New Zealand economy had performed relatively well but there were concerns about developments in offshore markets. It says the offshore situation will have a bearing on when the OCR starts rising here. You can Read the full statement here.

To see what it means for home loan rates read Jenny Ruth's report here.

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