Sizeable OCR cut expected in Feb; Banks rush to cut rates after RBNZ'S decision yesterday
Thursday, November 28th 2024, 9:21AM
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% |
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