Results: Global Economy
Reserve Bank hits the pause button, holding the OCR at 3.25%
The RBNZ hit pause on rate cuts on 9 July—holding the OCR steady at 3.25%—citing signs of life in the economy, and overseas factor...
To cut or hold? Predictions mixed for RBNZ’s next OCR announcement
Interest rates are in a holding pattern right now, as we wait to see what the RBNZ has in store for us on 9 July. While some are e...
Mortgage rates trucking along as is for now
It's all looking pretty quiet on the interest rates front at the moment. While shorter-term rates are expected to fall a little fu...
Jobs growth in New Zealand has hit a roadblock
Wholesale interest rates in NZ have increased in recent months, and there has essentially been no jobs growth in New Zealand since the middle of last year. So will this weakening in the labour market continue?
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..
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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