• Liam Dann: NZ Herald business editor at large on the Reserve Bank cutting the OCR down to 4.25 percent

  • Nov 27 2024
  • Length: 6 mins
  • Podcast

Liam Dann: NZ Herald business editor at large on the Reserve Bank cutting the OCR down to 4.25 percent

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  • Summary

  • Some positive news for mortgage holders.

    The Reserve Bank has cut the Official Cash Rate another 50 basis points to 4.25 percent.

    ANZ, ASB, BNZ, Kiwibank and The Cooperative Bank have all lowered their rates in response.

    NZ Herald business editor at large Liam Dann says the central bank is pointing to a few more cuts over the next six months.

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