Home Loan Rate Report: Are we there yet?
- The RBNZ’s Official Cash Rate (OCR) has been lowered from a 5.50% rate in August 2024 to 3.25% at the time of writing
- Our view is the RBNZ may need to ease the OCR a bit more over 2025 but will pause to assess the economic environment and inflation outlook over the coming months
- Borrowers are trying to work out what the best strategies are in the current environment, and it’s an important time to have a plan
Contact us
Chris Tennent-Brown
ASB Wealth Senior Economist
Chris has worked as an economist for ASB and Commonwealth Bank of Australia in Sydney since 2005. His work has involved monitoring and forecasting trends in the New Zealand economy, with a focus on drawing implications for financial markets and investments. Chris is passionate about savings issues, and much of his current work is focussed on broadening peoples understanding of investments. Chris obtained a Bachelor of Commerce at Auckland University, majoring in Economics, and prior to joining ASB worked in the funds management industry for Bankers Trust and BT Funds Management. With over 20 years' experience in finance, Chris has also spent several years farming, and was a New Zealand representative cyclist. When not at work, Chris likes to travel, cycle, and spend time with his family and numerous pets.
- Email: Chris