• The Official Cash Rate has been cut drastically in 2008, and early 2009.
• Future cuts are expected, but they will be more modest in size.
• Mortgage rates have fallen substantially, and borrowers need to have a strategy to benefit.
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Report Prepared by:
Chris Tennent-Brown
CBA NZ Economist
Phone: +64 9 374 8819
Fax: +64 9 302 0992