Here we go again. OCR peak increased?
The NZ Property Market Podcast
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The Reserve Bank's OCR Forecast for Q1
The Reserve Bank is expected to lift its OCR by 25 basis points on Wednesday. The bank has been cautious about the impact of high mortgage rates, which are not causing too many problems so far. But there's less appetite for risky lending and higher interest rates have led to a drop in debt-to-income ratio figures from Q1. "I think we reflected on that one and said, you know, they've been pretty clear all along," says analyst Calvin Rizzin.
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