OCR unchanged at 2.5 percent

The Reserve Bank yesterday left the Official Cash Rate (OCR) unchanged at 2.5 percent.

The new Man at the helm, Reserve Bank Governor Graeme Wheeler said: “For now it remains appropriate for the OCR to be held at 2.5 percent.”

Still plenty of competition in the Home Loan Lending space, and there is likely to be more than a few folk being attracted to the 2 years fixed @ 4.99% widely on offer.