Potential light at the end of the tunnel for mortgage holders
Potential light at the end of the tunnel for mortgage holders
10 July 2024
The OCR's staying at 5.5-percent today - the eighth time in a row.
But the bank's tone has softened -- now saying inflation will make the one-to-three percent target this year.
Kiwibank Chief Economist, Jarrod Kerr, says his bank's sticking to its November forecast for an OCR reduction.
He says today's commentary suggests the Reserve Bank's opening the door to an earlier cut than expected.
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