Banks cut floating rates and test rates

In this episode, we break down the Reserve Bank’s latest move to cut the Official Cash Rate (OCR) – now sitting at 3.5%.

You’ll learn:

• Why the Reserve Bank made the cut (the 5th in a row)

• What they think about Trump’s new tariffs and how they affect the NZ economy

• Which banks have already dropped their interest rates – including floating and test rates

We also talk through what this all means for mortgage rates and whether now might be a good time to relook at your lending.

For more from Opes Partners:

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