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Home loan rates set to drop after surprise cash rate cut

Summarised by Centrist

Home loan borrowers can expect falling rates as the Reserve Bank cuts the official cash rate to 5.25%. BNZ chief economist Mike Jones predicts ongoing downward pressure on interest rates. “The path is clear for steady and potentially aggressive cuts,” says Jones, offering relief to borrowers amid changing economic conditions and a favorable inflation outlook.

Read more over at RNZ

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