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March OCR cut sees mortgage rates move lower

The RBNZ cut the OCR by 25bp in March and we expect two further 25bp OCR cuts this year.

Another OCR cut is likely to put further downward pressure on floating and short-term fixed mortgage rates.

There is a risk of long-term mortgage rates increasing if influential offshore rates increase this year.

Economic research - Access trends and financial news | ASB Home Loan Rate Report March OCR cut sees mortgage rates move lower