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Tag: resession

New Zealand OCR Dropped to 3.0% 12 March 2009 – Will This Help?

Posted on March 12, 2009 by swiggs

Again the Reserve Bank of New Zealand is dropping our Official Cash rate amid the world and New Zealand Economy falling as credit becomes tight and people stop spending money like they have in the past few years. The new OCR rate of 3% is a 50 bias point drop on what it was at…

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