All posts by Jason

OCR Cut to 1.50%

The Reserve Bank has today cut the OCR from 1.75% to 1.50% citing “continuing house price softness in some areas” which means in Auckland.

It seems unlikely that the 4 main Banks will pass on the full 0.25% cut to their floating interest rate borrowers.

OCR on hold for longer….

The Reserve Bank has today kept the OCR @ 1.75%.

Of interest was the lengthening of the period that it could remain at this low level. “”We expect to keep the OCR at this level through 2019 and into 2020″”

Swap rates, the drivers of fixed interest rates, have declined today as a result.