Further cuts to OCR might be forced on RBNZ
With about 40% of existing mortgages due to roll over in the next six months and another 10% on floating rates, now could be the best time for those borrowers. That’s because Kiwibank is predicting the RBNZ will be forced to cut interest rates more than either it or the market currently expects, due to weaker economic data both here and overseas.
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Sally Lindsay
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