Another 0.50% drop in the OCR is expected from the Reserve Bank in February. [READ ON]
The Reserve Bank has cut its official cash rate (OCR) to 4.25%, in line with most economists' expectations, and says it's likely to cut further next year. ASB Bank and Kiwibank immediately published cuts in their lending and deposit rates while Bank of New Zealand swiftly followed. [See here]
| « BREAKING: OCR 4.25% | Expectations banks will improve processing times within weeks; More rates change today » |
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