![Market picks no OCR rise till June](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Market picks no OCR rise till June
The financial market now expects the Reserve Bank will not increase the OCR from 3 to 3.25 per cent until June next year.
The financial market now expects the Reserve Bank will not increase the OCR from 3 to 3.25 per cent until June next year.
Ireland's travails may be short-lived, but the eurozone's future is not looking good.
Kiwibank has cut its 2 year fixed mortgage rate to 6.59pc, to try and spice up housing demand.
Prime Minister John Key says NZ and its central bank are effectively powerless when it comes to checking the strength of the kiwi dollar.
The New Zealand dollar will try to break above 80 US cents this week after the Federal Reserve said it will start printing US$600 billion.
World share markets have risen after the Federal Reserve's $600b plan to stimulate the US economy was well received.