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OCR NZ cut: The home loan interest rates that are lowest to emerge from banking institutions

Thursday, March 12th, 2020

OCR NZ cut: The home loan interest rates that are lowest to emerge from banking institutions

The Reserve Bank has slice the formal cash rate (OCR) to at least one % on Wednesday – and banking institutions have actually followed suit.

The cut ended up being by way of a bigger-than-expected 50 foundation points (bp), since it appears to prop-up an economy that is cooling.

While economists say the reduced prices suggest now may be the time for you to also buy, it means less overall for savers. (more…)