OCR update: What it means for term deposits and mortgages

Nigel Grant (Head of Wealth Products, ASB) is joined by friend of the podcast Chris Tennent-Brown (Senior Economist, ASB) to unpack the Reserve Bank’s latest OCR decision. Together, they break down how changes to the OCR influence mortgage and term deposit rates, why rates don’t always move in step, and what it all means for your financial strategy in today’s changing rate environment.