OCR cut good news for mortgage holders.
Matt Heath & Tyler Adams Afternoons · Newstalk ZB
August 7, 20192m 45s
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Show Notes
A financial advisor says the OCR cut is good news for mortgage holders, bad news for those with term deposits
The Reserve Bank was widely expected to cut the OCR today from 1.5% to a record low of 1.25%.
In fact they made a 0.5% cut.
Tim Fairbrother, owner of Rival Wealth, told Simon and Phil a lot of people will be surprised by the move.
LISTEN ABOVE
The Reserve Bank was widely expected to cut the OCR today from 1.5% to a record low of 1.25%.
In fact they made a 0.5% cut.
Tim Fairbrother, owner of Rival Wealth, told Simon and Phil a lot of people will be surprised by the move.
LISTEN ABOVE
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