NZ Herald·3 min read·medium
OCR hike unlikely to trigger immediate mortgage rate rises or clobber growth - economists
J
Jenée Tibshraeny
✦AI Summary
Economists suggest that the Reserve Bank of New Zealand's recent decision to raise the Official Cash Rate to 2.5% will not immediately cause a spike in mortgage rates. The move was largely anticipated by financial markets, meaning current lending rates have already factored in the increase.
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