Interest rate update: could 2024 be the year we see rate cuts?
NZ Mortgage Rates
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4d ago
The Reserve Bank reviewed the economy and monetary policy and decided things are not quite as worrying as they were thinking in November. With this, are interest rate cuts on the cards for this year ..read more
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Why there's no need to increase the official cash rate
NZ Mortgage Rates
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2w ago
One major bank’s forecasters have predicted that the Reserve Bank will raise their current 5.5% official cash rate to 6.0% in the very near future. But is this really likely to happen ..read more
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Reserve Bank still strongly opposed to big reductions in interest rates
NZ Mortgage Rates
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3w ago
The Reserve Bank still appears to remain staunchly opposed to any sizable reductions in mortgage interest rates. That said, it is still highly likely that the Reserve Bank will cut interest rates this year rather than the middle of 2025 as indicated ..read more
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Inflation still too high for monetary policy to ease
NZ Mortgage Rates
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1M ago
Even though the December inflation numbers came out lower than expected, at 4.7% it is still too far way from the 1% - 3% target range for the Reserve Bank to take any risk of being wrong and easing too early ..read more
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Borrowers should concentrate on managing risk — not rate chasing
NZ Mortgage Rates
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2M ago
Chances are good that the official cash rate will be cut before the end of 2024 and even by the middle of next year. But should borrowers be focusing on trying to predict the ups and downs of the rates cycle ..read more
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Lower mortgage rates, or higher bank margins?
NZ Mortgage Rates
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2M ago
Declines in fixed interest rates in the US have fed through to some reductions in NZ’s bank wholesale borrowing costs. Will this mean lower mortgage rates for Kiwi, or will this end up as extra margin for the banks ..read more
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Mortgage rates | no spring specials in sight, what’s in store for summer?
NZ Mortgage Rates
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2M ago
Costs for banks to borrow money have decreased. Added with the higher lending rates they provide, can banks afford to start cutting their own lending rates ..read more
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Is another OCR hike needed to tame inflation?
NZ Mortgage Rates
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4M ago
Some forecasters believe the Reserve Bank will need to raise the official cash rate from the 5.5% level they took it to in May. But is another hike really as necessary as some make it out to be ..read more
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Once bitten, twice shy
NZ Mortgage Rates
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4M ago
While the annual inflation rate came in lower than anticipated at 5.6%, the Reserve Bank is unlikely to ease monetary policy anytime soon — and until wage growth heads back down to 3.5%, they may not even consider it. So what does this mean for Kiwi ..read more
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Is the easing of monetary policy still a distant dream?
NZ Mortgage Rates
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5M ago
On October 4 the Reserve Bank will announce the outcome of their next review of the official cash rate. Have they changed their minds about monetary policy in their battle against inflation ..read more
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