RBNZ puts foot on the gas and cuts OCR to 4.75%
Today the OCR dropped by 50 basis points to 4.75%, signalling an optimistic economic outlook for many Kiwis which could boost consumer confidence and encourage more buyers back into the property market. Read full update here. Anecdotal evidence has pointed to a pick-up in activity over recent weeks, and Barfoot and Thompson’s Auckland auction clearance rate […]
RBNZ OCR Announcement
Like hearing the starting gun for the Olympic Games 100m final, NZ’s major banks were quick out of the blocks lowering mortgage interest rates in response to today’s RBNZ OCR Announcement. In the first cut since March 2020, the RBNZ OCR announcement cut by 25 basis points moving it from 5.50% to 5.25% – a […]