As expected Reserve Bank Governor Alan Bollard kept his Official Cash rate at it's 2.5% record low, but rather than saying it will stay there for some time as he was saying in April, he says it will stay there for now.
A rise for the OCR is signalled around Dec 2011 to March 2012.
This statement however was made before the further earthquakes in Christchurch (we are thinking of you all) so we will see what commentry comes out over the next few days
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