Up she goes

Bollard raises Official Cash Rate to 8.25 per cent – 26 Jul 2007 – NZ Herald: New Zealand National news

Bollocks has done it again, raised interest rates giving New Zealand the highest interest rates in the OECD. Watch the dollar climb even higher today.

The Japanese housewives will be loving it, they can borrow stacks of Yen against their over priced Tokyo shoe boxes at 1.5% and bung into NZ bonds with little or no exchange risk.

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