OCR April 2010
Thursday, April 29th 2010, 8:46AM
The Reserve Bank Governor Alan Bollard has held the official cash rate at 2.5% for the eight consecutive time in today's announcement.
However Bollard has indicated that the rate will rise soon. For more on what he said read this story.
Also in todays news, TSB Bank has slashed 21 basis points from its one-year fixed home loan rate to 5.99%, which is well below all major banks one-year rates.
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