Falling interest rates could inject a bit more life into the housing market
Falling interest rates could inject a bit more life into the housing market
7 July 2022
BNZ and Westpac have both followed ANZ in cutting mortgage rates, following the recent drop in the cost of wholesale funding.
Their moves come ahead of an OCR review next Wednesday.
NZIER Principal Economist Christina Leung says the change won't stop the housing downturn, but it will slow it.
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