It may be some time before the Reserve Bank raises the official cash rate.
Governor Alan Bollard told a conference in New York earlier today (US time) there is "no rush" to lift the OCR above its present level of 2.5%.
“We do have a picture where we still do expect to have to push rates
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Rob Hosking
Thu, 22 Sep 2011
Thu, 22 Sep 2011
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'No rush' to raise interest rates, Bollard tells New York financiers
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