Jenee Tibshraeny: NZ Herald Wellington business editor on the banks cutting down mortgage rates after OCR decision

from Best of Business · host Newstalk ZB

Banks have begun slashing shorter-term mortgage rates following today's cuts to the OCR, but experts have issued a warning to homeowners. Reserve Bank policymakers are again warning borrowers not to hold their breaths for substantive cuts to longer-term mortgage rates. NZ Herald Wellington business editor Jenee Tibshraeny explains the factors behind today's cuts. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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