Homeowners can be reasonably confident interest rates won’t rise this year and they can even hope for a rate cut following today’s Reserve Bank statement.
Thursday, January 23rd 2003, 4:24PM
by The Landlord
Governor Alan Bollard left the bank’s Official Cash Rate (OCR) unchanged at 5.75%, as everyone had expected, but signalled that the sharp rise in the New Zealand dollar since November has shifted the balance of probabilities in favour of a rate cut.
