Reserve Bank hints at earlier OCR rise
Interest rates may be raised sooner than expected if the housing price boom continues.
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The Reserve Bank could raise the official cash rate sooner than expected if the housing price boom continues.
Another boom on the scale of the middle of the last decade needs to be avoided, Reserve Bank deputy governor Grant Spencer told an Auckland business gathering today.
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Rob Hosking
Mon, 08 Apr 2013
Mon, 08 Apr 2013
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Reserve Bank hints at earlier OCR rise
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