9 Dec 2010

Economy looks bleak with OCR set to stay at 3%

From Morning Report, 7:25 am on 9 December 2010

The official cash rate is up for review and the Reserve Bank is expected to again keep it on hold at 3%. And with the latest economic statistics showing a fall in building activity and manufacturing sales at their lowest ebb in more than a decade, economists think the bank is unlikely to lift rates any time soon.