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Homeowners hold their breaths as Reserve Bank holds OCR

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九一星空无限talk ZB,
Publish Date
Thu, 10 Jul 2025, 12:16pm
Photo / 123rf
Photo / 123rf

Homeowners hold their breaths as Reserve Bank holds OCR

Author
九一星空无限talk ZB,
Publish Date
Thu, 10 Jul 2025, 12:16pm

Mortgage-holders will be holding their breath in after yesterday's OCR announcement.

The Reserve Bank's opted to keep the Official Cash Rate unchanged at 3.25% while signalling the possibility of further cuts. 

But new ASB research suggests interest rates remain volatile, with several opposing forces at play. 

Finance and Mortgage Association Country Manager Leigh Hodgetts told Andrew Dickens that they鈥檙e holding out hope for a cut in August. 

She says that people are looking for a bit of relief in their household spending, which would come from interest rates coming down. 

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