Results: Global Economy
Soaring inflation raises mortgage rate risks
For quite a few months now my central theme with regard to interest rates has been fairly clear. Inflation risks are rising, the R...
Interest rates on an upward march
The long-awaited monetary policy tightening cycle has now kicked off in New Zealand as the need for record low interest rates to c...
Rising inflation risks
The Reserve Bank delivered some good and bad news for borrowers last week. In the wake of the latest lockdown, interest rates will...
Are Kiwis set to head back over the ditch?
Last week the Reserve Bank did something they have not done for a long time. In their regular Monetary Policy Statement they published a set of forecasts for where they see interest rates going.
Fixed mortgage interest rates on a timer
Wholesale interest rates in NZ fell to record low levels around October last year. Since then however, we have seen a radical shift in expectations for growth, inflation, and monetary policy settings around the world on the back of three key developments.
OCR remains unchanged, RBNZ to keep monetary policy steady
There's no reason for strongly believing that we face a future of sustained high inflation which will require an interest rate crunch. But borrowers should pay attention to the upside risks and the extreme uncertainty regarding how far and fast rates rise.
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 reason for doing so is fairly clear – it is the cheapest rate on offer.
