
Mortgage News
NZ mortgage rates too high, says WestpacTrust
Friday 17th of August 2001
So far this year, the Reserve Bank of Australia (RBA) has cut its benchmark interest rate from 6.25% to 5% but the Reserve Bank of New Zealand (RBNZ) has only cut its official cash rate (OCR) from 6.5% to 5.75%.
WestpacTrust says only Europe’s central
bank has been slower to cut and that New Zealand’s OCR is
th...
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