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Jenee Tibshraeny: Mortgage holders feeling hopeful after OCR update

Author
Newstalk ZB,
Publish Date
Wed, 10 Jul 2024, 8:51pm
Photo / 123rf
Photo / 123rf

Jenee Tibshraeny: Mortgage holders feeling hopeful after OCR update

Author
Newstalk ZB,
Publish Date
Wed, 10 Jul 2024, 8:51pm

The light at the end of the tunnel could be in sight for mortgage holders after today's OCR update.

The Reserve Bank left rates unchanged at 5.5 percent - but the bank has hinted cuts could be coming sooner than initially predicted. 

NZ Herald Wellington business editor Jenee Tibshraeny explains how the Reserve Bank's change in tone could impact borrowers. 

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