Belief the economy's on the road to getting back to normal
Belief the economy's on the road to getting back to normal
15 July 2021
The Reserve Bank's kept the Official Cash Rate at 0.25 per cent, but has reduced economic stimulus by halting its bond buying programme earlier than expected.
ASB has hiked its fixed mortgage interest rates.
JMI Wealth Director Andrew Kelleher says the OCR could go higher in any of the reviews coming up.
He says the process of normalisation has begun, which is probably a good thing.
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