OCR Update 22/03/2018




As expected, the Reserve Bank of New Zealand have today announced the Official Cash Rate (OCR) will remain at 1.75% and will continue unchanged for a considerable time, likely to be early 2020. This is the last OCR announcement from Governor Grant Spencer who is retiring shortly. Adrian Orr will be taking over the role from next week.

Annual interest rate rollovers remain the preferred interest rate management tool so, if your lending needs to be reviewed, give the team a call today on 0800 MOUNCE.

Read the full article from RBNZ here…

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