RBA leaves cash rate at 3.75%
Wednesday, February 3rd 2010, 5:18AM
The Reserve Bank of Australia surprised markets yesterday by leaving its cash rate at 3.75%.
That move will help keep upward pressure of home loan rates in New Zealand.
Meanwhile in our market mortgage rates remained unchanged. We wrap up the post OCR views of our economists here.
Perhaps the most important news was a comment from Reserve Bank governor Alan Bollard, last Friday, where he said "it is possible there could be some meaty chunks to the upside".
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