Mortgage-holders will be holding their breath in after yesterday's OCR announcement.

The Reserve Bank's opted to keep the Official Cash Rate unchanged at 3.25% while signalling the possibility of further cuts. 

But new ASB research suggests interest rates remain volatile, with several opposing forces at play. 

Finance and Mortgage Association Country Manager Leigh Hodgetts told Andrew Dickens that they’re holding out hope for a cut in August. 

She says that people are looking for a bit of relief in their household spending, which would come from interest rates coming down. 

LISTEN ABOVE 

Mortgage-holders will be holding their breath in after yesterday's OCR announcement.
The Reserve Bank's opted to keep the Official Cash Rate unchanged at 3.25% while signalling the possibility of further cuts.&nbsp;
But new ASB research suggests interest rates remain volatile, with several opposing forces at play.&nbsp;
Finance and Mortgage Association Country Manager Leigh Hodgetts told Andrew Dickens that they’re holding out hope for a cut in August.&nbsp;
She says that people are looking for a bit of relief in their household spending, which would come from interest rates coming down.&nbsp;
LISTEN ABOVE&nbsp;

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Leigh Hodgetts: Finance and Mortgage Association Country Manager on the Reserve Bank holding the OCR

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9af2c581-f39e-4a8d-95a6-b31600048629/transcript