Dear Dr Bollard
Please leave the Official Cash Rate where it is today. The economic recovery is tepid at best, and retail spending is flat. A further rise in interest rates is going to really hurt small businesses such as hours that run a line of credit. You'd make us very happy if you kept the OCR right where it is, and even happier if you dropped it a fraction, although we doubt that you will.
Thanks a bunch from all of us (me, myself and I) at Keeping Stock
UPDATE: No change to the OCR - thanks Dr Bollard!
1 comment:
A 0.50% drop would be good for the country in the short term and it is hard to see it doing any long term damage either.
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