Update: The Reserve Bank Holds the OCR at 1.0% | Ep. 162

In this episode, we discuss the Reserve Bank's decision to leave the OCR unchanged at a record low of 1.0%.  There were 3 factors identified in the decision: An expectation that households will spend more given that interest rates are extremely low already Increased spending signalled from the government through the recently announced $12 billion infrastructure package Improving terms of trade with our trading partners – which signals that exports are going well. All of these factors are considered inflationary and are having a positive impact on economic growth. Decreasing the OCR further would likely add more inflationary pressure than the Reserve Bank would like, given that it is currently meeting its inflation and employment targets.  We also discussed the Epic Guide to Mortgages, this is a 9,500-word guide which teaches you both how to get a mortgage and pay it off in today's market.