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Bollard lifts OCR to 2.75%

Reserve Bank of New Zealand Governor Alan Bollard raised the official cash rate by 25 basis points to 2.75% today, the first increase in three years, saying the economy is into its second year of a "broad-based" recovery and has largely avoided the recent gloom in the Euro-zone.

BusinessDesk

Thu, Jun 10th 2010 09:21AM

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