The Reserve Bank of New Zealand today reduced the Official Cash Rate (OCR) by 25 basis points to 1.75 percent. In relation to the effects on the property sector, Reserve Bank Governor Graeme Wheeler said in his announcement, “House price inflation remains excessive and is posing concerns for financial stability. Although house price inflation has moderated […]
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New Zealand’s Official Cash Rate reduced to 1.75%
Posted date: November 10th 2016 . Author admin . With No Comments
