Home loan rates set to drop after surprise cash rate cut

Summarised by Centrist

Home loan borrowers can expect falling rates as the Reserve Bank cuts the official cash rate to 5.25%. BNZ chief economist Mike Jones predicts ongoing downward pressure on interest rates. “The path is clear for steady and potentially aggressive cuts,” says Jones, offering relief to borrowers amid changing economic conditions and a favorable inflation outlook.

Read more over at RNZ

Enjoyed this story? Share it around.​

Subscribe
Notify of
guest
0 Comments
Most Voted
Newest Oldest
Inline Feedbacks
View all comments

Read More

NEWS STORIES

Sign up for our free newsletter

Receive curated lists of news links and easy-to-digest summaries from independent, alternative and mainstream media about issues affect New Zealanders.