Download - OCR cut good news for mortgage holders.

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Matt Heath & Tyler Adams Afternoons

News:News Commentary

OCR cut good news for mortgage holders.

2019-08-07

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A financial advisor says the OCR cut is good news for mortgage holders, bad news for those with term deposits

The Reserve Bank was widely expected to cut the OCR today from 1.5% to a record low of 1.25%.

In fact they made a 0.5% cut.

Tim Fairbrother, owner of Rival Wealth, told Simon and Phil a lot of people will be surprised by the move.

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