Results: Global Economy
Fixing one-year highly favoured
In my recent survey, 96% of Mortgage Advisors said that people are favouring the one-year term when fixing their mortgage. The rea...
A six-decade journey for NZ interest rates
About three-quarters of all residential properties in New Zealand have a mortgage over them, amounting to almost $300 billion. So,...
Emergency OCR cut
The Reserve Bank of New Zealand (RBNZ) announced early this morning that a 0.75% cut has been enforced. This takes our already low Official Cash Rate (OCR) of 1% down to 0.25% and will likely remain this low for at least 12 months.
OCR: will there be a cut in March?
When we look to the very beginning of 2020, most economists were going back on their previous words regarding the OCR dropping below the 1% mark (where it currently sits). But no one could have predicted the impact of Covid-19 to our economy.
Official Cash Rate remains unchanged
The latest announcement made by the RBNZ is that the OCR will remain unchanged for the time being.
Gross Domestic Product (GDP) expected to show slow growth
The figures are due to be released later this week, and most of the banks and economists have predicted for the Gross Domestic Product (GDP) to show slow growth.