June 12th, 2014 at 10:00 am by David Farrar
As widely expected, the Reserve Bank has lifted the official cash rate from 3.00% to 3.25%. To put things in context, I’ve graphed the level of the OCR from 1999 to today. It is still significantly below the early 2000s, let alone the mid 2000s.
Tags: Interest Rates
, Reserve Bank