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07-29-2010
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Senior Member
Join Date: Dec 2006
Posts: 33,028
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Bollard lifts OCR, but future hikes likely to be smaller
The Reserve Bank has lifted the official cash rate from 2.75 to 3 per cent this morning. The move, though widely expected, is a sign that the economy is still growing enough for bank Governor Alan Bollard to keep winding back...
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