Two more OCR cuts this year?
Friday, July 5th 2019, 9:49AM
No rate changes today, but it looks like rates are only heading in one direction for the rest of the year. After weak business confidence figures, ASB predicts we will get two more OCR cuts in 2019. The Reserve Bank of Australia's rate cut this week will also have some influence. [READ ON].
Have banks passed on enough of May's OCR reduction to borrowers? Let me know what you think: daniel@tarawera.co.nz
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