Static OCR welcomed by Real Estate Institute
Real Estate Institute says most property owners feel interest rates have gone high enough
Sunday, July 31st 2005, 9:21AM
by The Landlord
It remains at 6.75 percent with the bank still worried about inflation.
Institute President Howard Morley says most property owners feel interest rates have gone high enough.
He says the market has leveled off in recent times, which is possibly an indication of why the Reserve Bank has left the OCR unchanged.
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