The OCR Explained - How Does It Affect You as a Property Investor? | Ep. 36
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The OCR Explained - How Does It Affect You as a Property Investor? | Ep. 36
If you have been following the news recently then you would have heard lots of mentions of the Official Cash Rate, or the OCR as it's commonly referred to.
The OCR is a very important piece of the financial landscape in New Zealand, but do you know what it is and how it affects you as a property investor?
The Reserve Bank of New Zealand (RBNZ) defines the OCR as "the interest rate set by the Monetary Policy Committee". This is a fancy way of saying that the OCR is a policy that the RBNZ uses to influence the price of borrowing and saving money in New Zealand.
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