Today we have a report from J P Morgan on the structure of the New Zealand lending market. The report is a good read and makes the point that the benefit of a low OCR and cheap home loans has yet to follow through to borrowers, but when it comes the impact will be significant. Read the story here and full report here.
Also we have this week’s round up of views from the economists and their thoughts about this week’s OCR. Everyone agrees we are at the bottom of the easing cycle, however ASB is suggesting the central bank should cut rates again on Thursday. What the experts are saying.
