Westpac has announced it is cutting its longer-term home loan rates – the first major bank in New Zealand to do so in the wake of Wednesday’s OCR decision.
This RBNZOCR hold represents the sixth consecutive meeting without adjustment, reflecting persistent fragility in New Zealand’s post-pandemic recovery despite global economic headwinds. RBNZ OCR Hold Decision and Economic Context.
The economy is at an early stage in its recovery. With ongoing strength in commodity prices, economic activity in the agricultural sector and regional New Zealand remains strong ....
“Families have a right to turn to OCR when a child is denied accommodations, pushed out of class, harassed, or disciplined unfairly because of disability,” said Neas, whose organization protects disability rights.