OCR has been increased by 0.25% today to 3.50%. But there is good news for Mortgage payers as there may not be further increases in near future. The effect of these 4 increases will be assessed and OCR will stay at this level till that point of time. Encouragingly, the economy appears to be adjusting to the monetary policy tightening that has taken place since the start of the year,” Mr Wheeler, Reserve Bank Governor said on Thursday.
ASB is changing fixed carded housing rates and removing the 3 and 5 year specials, effective from 5:00 pm Friday 20th June 2014.
Please see the table below for a summary of their housing interest rates which will be effective from Saturday 26 July 2014
See below for a summary of the changes and effective dates (due to increase in OCR by 0.25% today)
Professional Financial Solutions team members Ms Surya Phutane and Mr Vishal Jain with the Prime Minister Mr. John Key at Hall of fame function in Hotel Pullman, Auckland. — at Hall of fame function in Hotel Pullman.
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