The Reserve Bank just surprised everyone – cutting the Official Cash Rate (OCR) by 0.5%.
In this episode, Ed and Andrew unpack what happened, why the cut was bigger than expected, and what it means for your mortgage.
You’ll learn:
- Why the economy’s weaker-than-expected GDP pushed the RBNZ to act fast
- How this surprise cut could drop the 1-year fixed rate to around 4.35%
- How much could you save
Ed and Andrew also discuss what’s next – when the next OCR cut could land and how far the Reserve Bank might go.
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