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RBNZ may be ready to lower the cash rateThis is a discussion on RBNZ may be ready to lower the cash rate within the 2009 Q3 News Headlines forums, part of the 2009 News category; After cutting the OCR to record low of 2.50 per cent in April, the Reserve Bank stayed pat on rates at the latest monetary policy meeting in June. The main ... |
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15th July 2009, 11:50 AM
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 |  RBNZ may be ready to lower the cash rate After cutting the OCR to record low of 2.50 per cent in April, the Reserve Bank stayed pat on rates at the latest monetary policy meeting in June. The main reason may have been its disappointment over banks not passing on the full effect of lower OCR, mainly on the floating mortgage rates. Banks insist increases in local as well as overseas funding rates had raised their funding costs and reduced their ability to pass on lower rates. More...
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