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Will OCR drop again next year Feb 2020?

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  • Will OCR drop again next year Feb 2020?

    My loan expires in beginning of Jan 2020, should I wait for next OCR review, which will be in 12th Feb (correct if I'm wrong), should I wait for next review?
    I think it's likely to drop again, your view?

  • #2
    who knows

    yesterday it looked a like a drop was likely the next move

    but today the reserve bank's actions make it look like the next move could be up

    https://www.nzherald.co.nz/personal-...ectid=12291249

    then try and factor in wildcard winston making promises he can't keep, or can he?, to get enough votes to save his party in an election year

    https://www.nzherald.co.nz/business/...ectid=12291352
    Last edited by eri; 05-12-2019, 07:27 PM.
    have you defeated them?
    your demons

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    • #3
      Waste of time agonizing over it.
      Unlikely to drop.
      Have many loans expiring throughout the year and spread the risk that way.

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      • #4
        I think the recent talk about the 2008 GFC and the $113 potential bail out for big banks and the stiffening of the RBNZ will result in a rise but I dont think it will be a % to be concerned over. Maybe look up economic expectations on $100k etc which I heard on the radio but have forgotten. Of course if its a large mortgage, any hike can be annoying.

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        • #5
          Interest rates don't appear to be rising offshore, which makes such rises less likely here in NZ.

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