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OCR goes to 3.25%
As widely expected, the Reserve Bank has lifted the official cash rate from 3.00% to 3.25%. To put things in context, I’ve graphed the level of the OCR from 1999 to today. It is still significantly...
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OCR moves to 3.5%
The good news for home owners with a mortgage, or aspiring ones, is that the indications are that there will be no further OCR rises for this year, at least. Tags: Interest Rates, OCR, Reserve Bank
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Labour on interest rates
Stuff reports: The average Kiwi household is $250 a year worse off because the Auckland housing boom has kept interest rates high, Labour has claimed. With the Reserve Bank due to revise its 3.5 per...
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Nowhere to fall
As you can see the OCR can’t fall much lower. While a low OCR is good for home owners (but bad for savers) the real risk is if there is another global or domestic recession. There is basically no room...
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