North Otago Property Investors' Association


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The Monetary Policy Committee today voted to raise the Official Cash Rate (OCR) from 5.25% to 5.50%. 24-05-2023

The Committee agreed the level of interest rates are constraining spending and inflation pressure. The OCR will need to remain at a restrictive level for the foreseeable future, to ensure that consumer price inflation returns to the 1% to 3% annual target range, while supporting maximum sustainable employment.

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North Otago Property Investors' Association

Phone: 03-4348268


Postal Address:
14 Oban Street, Holmes Hill, Oamaru