January 2025 Market Update🦜
January 6, 2025
Interest Rate TrendThe Reserve Bank of New Zealand (RBNZ) in November 24 reduced the Official Cash Rate (OCR) by 0.50%, bringing it down to 4.25%. This reduction is part of a series of cuts aimed at stabilizing the economy. As a result, mortgage rates have also decreased, wi...
27 November OCR Drops 0.5%
November 27, 2024
The Official Cash Rate (OCR) dropped another 0.5% today, with further reductions hinted. This shift will open new doors for prospective homeowners and investors as bank test rates fall and borrowing capacity increases 💵🏡...
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