Bollard's low OCR likely to refire housing market
Reserve Bank governor Alan Bollard's insistence on keeping his official cash rate (OCR) low could light a fire under house prices again, according to Westpac chief economist Brendan O'Donovan.
Reserve Bank governor Alan Bollard's insistence on keeping his official cash rate (OCR) low could light a fire under house prices again, according to Westpac chief economist Brendan O'Donovan.