Sep 16, 2008

Expect Further Big Cut In The OCR

Well done Alan Bollard in making your bigger than expected cut last week. You might have to make another next time around if interest rates are going to continue to fall. Developments overnight must impact here and will slow the fall that was expected following last week's announcement.

Attempts to connect John Key in some way with recent actions of a bank he has not worked for in 8 years are pathetic.