News
Rates change all the time. Keep up to date with the latest activity so you can manage your mortgage and pay-it-off faster.
Reserve Bank still strongly opposed to big reductions in interest rates
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..
Inflation still too high for monetary policy to ease
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.
Borrowers should concentrate on managing risk — not rate chasing
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?
Lower mortgage rates, or higher bank margins?
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?
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