Mortgage News

Home loan report: Keeping eyes open

Wednesday 21st of January 2009

Expectations are increasing that the Reserve Bank will cut the OCR on Thursday 29 January – by at least 100 basis points, to 4%, and possibly more. This follows a number of signals about the economy in New Zealand and globally which indicate that the cost of borrowing needs continue to come down hard and fast to stimulate business activity.

Economists at Westpac, who had been recommendin...

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