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Now Playing: Bollard ignores calls to cut OCR ()
Source: ONE News
The official cash rate could still be cut further according to the Reserve Bank despite today keeping it unchanged at 2.5%
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Now Playing: Business editor Corin Dann discusses the OCR as it stays at 2.5% (1:24)
Source: ONE News
Business editor Corin Dann explains what the Reserve Bank decision to hold the official cash rate means for OCR cuts in the future and borrowers.
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Now Playing: NZI Business July 30: Cameron Bagrie previews OCR ()
Source: ONE News
The Reserve Bank is widely expected to keep the benchmark interest rate on hold this morning at 2.5%. However, there are those who believe another cut is warranted. ANZ National chief economist Cameron Bagrie discusses.
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