BNZ's the latest bank to drop its home loan rates, anticipating a change to the Official Cash Rate this afternoon.  

The Reserve Bank's expected to cut the OCR 25 basis point to 3.25%. 

Already BNZ's cut its fixed rates to as low as 4.89%, and its standard variable rate to 6.44%.  

BNZ chief economist Mike Jones told Mike Hosking today's decision should indicate the Reserve Bank's general direction, but it probably won't reveal anything too specific.  

He says that seems to be the playbook offshore, allowing it to take its time and assess the lay of the land at the next meeting. 

LISTEN ABOVE 

BNZ's the latest bank to drop its home loan rates, anticipating a change to the Official Cash Rate this afternoon. &nbsp;
The Reserve Bank's expected to cut the OCR 25 basis point to 3.25%.&nbsp;
Already BNZ's cut its fixed rates to as low as 4.89%, and its standard variable rate to 6.44%. &nbsp;
BNZ chief economist Mike Jones told Mike Hosking today's decision should indicate the Reserve Bank's general direction, but it probably won't reveal anything too specific. &nbsp;
He says that seems to be the playbook offshore, allowing it to take its time and assess the lay of the land at the next meeting.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Mike Jones: BNZ Chief Economist ahead of today's OCR announcement

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4934252d-f980-4cd7-a655-b2ea014b9558/transcript