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OCR review: What does yesterday's announcement mean for your mortgage?

Author
Newstalk ZB,
Publish Date
Thu, 29 Feb 2024, 7:37PM
(Photo / Getty)
(Photo / Getty)

OCR review: What does yesterday's announcement mean for your mortgage?

Author
Newstalk ZB,
Publish Date
Thu, 29 Feb 2024, 7:37PM

Households can breathe a temporary sigh of relief following yesterday's announcement from the Reserve Bank.

The Bank has held the OCR steady at 5.5 percent, in line with with what most economists were predicting.

NZ Herald business editor at large Liam Dann says it's going to be a long battle to get inflation down, so the future's uncertain.

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