OCR NZ cut: The cheapest mortgage loan interest levels to emerge from banking institutions

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OCR NZ cut: The cheapest mortgage loan interest levels to emerge from banking institutions The Reserve Bank has slice the formal money price (OCR) to at least one % on Wednesday – and banking institutions have followed suit. The cut ended up being by way of a bigger-than-expected 50 foundation points (bp), since it appears to prop-up an economy that …