The Reserve Bank of New Zealand is expected to cut the Official Cash Rate (OCR) by 25 basis points to 2.25 per cent at its upcoming meeting on...

Banks began dropping their floating rates on Wednesday after the Reserve Bank cut the OCR by 25 basis points to 2.25 percent.

Attention will be on the central bank's commentary and forecasts and how wide it leaves the door open for a further rate cut next year if needed.

Attention will be on the central bank's commentary and forecasts and how wide it leaves the door open for a further rate cut next year if needed.

Since the Reserve Bank began reductions to the official cash rate 15 months ago, it has dropped from 5.5 percent to 2.5 percent.

Since the Reserve Bank began reductions to the official cash rate 15 months ago, it has dropped from 5.5 percent to 2.5 percent.

The Co-Operative Bank made the first move, dropping its floating home loan rate by 31 basis points

Some economists say the MPC will cut the repo rate by 50 basis points, while others believe it will keep the rate unchanged.

The official cash rate has been cut by 25 basis points - but how much further can we expect home loan rates to fall?

The official cash rate has been cut by 25 basis points - but how much further can we expect home loan rates to fall?