Rates change all the time. Keep up to date with the latest activity so you can manage your mortgage and pay-it-off faster.
Strong growth is a key factor driving higher interest rates
The bounceback in economic activity in New Zealand since the first nationwide lockdown last year has been so strong that the unemp...
Rate rises delayed but with upside risk
Borrowers could reasonably expect higher rates at their peaks, but not necessarily a faster speed of increase. Our central bank ha...
Monetary policy tightening soon
Things have changed a bit since my last column discussing interest rates a couple of weeks ago. The state of the pandemic has stalled the growth projections for many economies and how quickly interest rates will go up. But what's in store for New Zealand?
Three decades of falling interest rates are over
New Zealand has had a period of falling inflation and interest rates for over three decades. That period has now ended and both will be rising.
How the OCR could double monthly mortgage interest payments
If the official cash rate gets raised from 0.25% to 2.25%, we can anticipate that the one-year fixed rate to go from the current 2.19% to probably close to 4.5% when we allow for banks recovering some of their currently very low lending margins.
Rising global inflation risks
History tells us that ahead of the 2008-09 Global Financial Crisis we economists under-predicted how high interest rates would need to go each cycle. But post-GFC we over-predicted rate rises. Now, we don’t know in what direction our errors will lie.