'Bring Relief': Banks Begin Dropping Mortgage Rates After OCR Cut

Are house prices about to take off again?

This week on The Fin podcast, economics correspondent Michael Read on why the Reserve Bank is cutting rates and what it means for people like him trying to buy a house.

OCR cut promises a mild boost for still-stagnant property market

Economists saw it coming, banks moved early, and mortgage holders will feel the effects – but the OCR cut heralds only a housing bump at best.

Reserve Bank of NZ cuts rates again as inflation falls

The Reserve Bank of New Zealand has cut the official cash rate to 3.25 per cent with some...

Reserve Bank drops OCR by 25 basis points to 3.25 percent

The benchmark rate drops to its lowest in more than two years

'Bring relief': Banks begin dropping mortgage rates after OCR cut

Retail banks have begun to cut their mortgage interest rates after the Reserve Bank dropped the Official Cash Rate from 3.5 to 3.25%. The Bank of New Zealand...

Reserve Bank cuts OCR by 25 basis points to 3.25%

Photo: ODT files The Reserve Bank has cut the official cash rate by 25 basis points to 3.25%, as widely expected, but had a division of opinion whether to hold or cut.