Most banks have cut their advertised rates following yesterday's OCR decision.

The Reserve Bank cut the Official Cash Rate by 25-basis points, going from 2.5% to 2.25%.

Kiwibank was the first to move.

Chief Executive Steve Jurkovich told Mike Hosking it's a positive sign of things to come, with their team now forecasting a steady period of cuts from now to June 2027.

He said that people are unlikely to get carried away with the cuts, rushing out and buying new houses, cars, or technology.

LISTEN ABOVE

Most banks have cut their advertised rates following yesterday's OCR decision. 
The Reserve Bank cut the Official Cash Rate by 25-basis points, going from 2.5% to 2.25%. 
Kiwibank was the first to move. 
Chief Executive Steve Jurkovich told Mike Hosking it's a positive sign of things to come, with their team now forecasting a steady period of cuts from now to June 2027. 
He said that people are unlikely to get carried away with the cuts, rushing out and buying new houses, cars, or technology. 
LISTEN ABOVE

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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,...

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