Steve Jurkovich: Kiwibank chief executive says Kiwis with mortgages are expected to be hit in the pocket by Official Cash Rate hike

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Recorded23 Feb 2022

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New Zealanders with mortgages are expected to be hit in the pocket by the latest Official Cash Rate hike. The Reserve Bank has increased it by a quarter of a percent, to one percent. Kiwibank chief executive Steve Jurkovich told Mike Hosking the rates borrowers have been enjoying are historically low. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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