Results: New Zealand Economy
A change in the wind: OCR 2020 forecast
While most banks are still predicting a cut in the OCR this May, ANZ are taking a different stance.
As we move further into January, the banks are starting to announce expectations and predictions for the upcoming year.
OCR: predictions for 2020
As we draw closer to the end of 2019, we’re hearing a change in tune from experts about what’s in store for the OCR in 2020.
Capital Requirements to increase in 2020
Today the Reserve Bank of New Zealand announced their final decision to increase the capital requirement for banks.
Loan-to-value restrictions to remain the same - RBNZ
Reserve Bank Governor Adrian Orr has stated that financial system vulnerabilities remain elevated and more effort is required to ensure that the system remains resilient over the longer-term.
Will mortgage rates drop in 2020?
Mortgage rates remain at historic lows following the Reserve Bank’s decision to leave the official cash rate unchanged at 1.00% in November 2019. The question is, will they drop even further?