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Most banks have cut their advertised rates following yesterday's OCR decision.\xa0

The Reserve Bank cut the Official Cash Rate by 25-basis points, going from 2.5% to 2.25%.\xa0

Kiwibank was the first to move.\xa0

Chief Executive Steve Jurkovich told Mike Hosking it's a positive sign of things to come, with their team now forecasting a steady period of cuts from now to June 2027.\xa0

He said that people are unlikely to get carried away with the cuts, rushing out and buying new houses, cars, or technology.\xa0

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