OCR REMAINS AT 2.25% - NO SURPRISE TO PERO

OCR REMAINS AT 2.25% - NO SURPRISE TO PERO

The Reserve Bank has this morning kept the OCR at its current rate of 2.25 per cent which has come as no surprise to real estate agency CEO Mike Pero.

Mike Pero, the founder of Mike Pero Mortgages and CEO of Mike Pero Real Estate, said he was not surprised that the Reserve Bank had kept the rate at 2.25 per cent

“I’m not surprised the rate remained unchanged, there are little hints of inflation in the economy like rising petrol prices and booming construction. The OCR is already at an all-time low so it’s still good news for mortgage holders” said Pero.

Pero added “Whenever there’s an announcement there will be opposing views from different sectors. Obviously deposit holders are hoping for rises while mortgage holders are hoping for reductions.”

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