Most economists are looking for a rate change in the official cash rate to occur at the end of the year.

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This comes after Reserve Bank Governor Dr Alan Bollard announced no change to it on Thursday last week – it has stayed at 2.5 per cent.

In his speech announcing the no change, Alan revealed he was looking at increasing the OCR towards the end of the year, probably December, and he was keen to increase it by a full two per cent by the end of 2012.