That’s a wink, wink, nudge, nudge. Raising the OCR won’t change any of that. Just remember that mortgage rates tend to move before the OCR does. 2 years – Over the next two years, the OCR is expected to drift back to around 3%. “But I think inflation is going to be higher!”I was scrolling through the Stuff.co.nz comments (dangerous hobby, I know).

Source: Stuff February 19, 2026 21:06 UTC