OCR down, when will DTIs kick in?
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5 days later and the OCR cut to 5.25% still feels like big news. Since the call from the RBNZ, Nick and Kelvin have both been out in the market gathering responses from the market and today Nick details some figures to help answer the question "how far do interest rates need to fall before the dent-to-income restrictions kick in?"
Kelvin then takes us through the release of the CoreLogic Housing Affordability report for Q2 and plenty of macro-economic releases, including a few of the 'softer', but more frequent data series that the RBNZ are also paying closer attention to.
This month's video is now on YouTube.
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