Mortgage Lab buys new trail book; Economists remain divided on when the first rate cut will come

People Group has sold its Mortgage People trail book to Mortgage Lab. [READ ON]

ANZ chief economist Sharon Zollner continues to expect no official cash rate (OCR) cuts this year but other economists, including BNZ's Doug Steel and Kiwibank's Jarrod Kerr and ASB's Mark Smith, expect one cut late this year. [Read what they said]

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