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Results: New Zealand Economy

Street with lit up signs
22 November 2021

Fixed rate hikes reflect market expectations

Mortgage interest rates have now risen by between 1.3% and 1.8% from where they were less than six months ago as banks have reacte...

Two men walking around factory
04 November 2021

High inflation and low unemployment, mean high interest rates

The Reserve Bank has so far raised its official cash rate by a small 0.25% yet bank fixed mortgage rates across the 1–5-year terms...

Bird soaring in the sky
22 October 2021

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...

10 September 2021

Strong growth is a key factor driving higher interest rates

The bounceback in economic activity in New Zealand since the first nationwide lockdown last year has been so strong that the unemployment rate has fallen back to the 4% level it was at when we entered that March – May lockdown.

Seedlings growing in soil
26 August 2021

Rate rises delayed but with upside risk

Borrowers could reasonably expect higher rates at their peaks, but not necessarily a faster speed of increase. Our central bank has an established long-term record of too often tightening monetary policy too slowly.

"Expect delays" traffic sign
13 August 2021

Mortgage rates are going up

On Wednesday 18 August the Reserve Bank will review the record low 0.25% official cash rate set in place back in March 2020 when we were heading into the economic and health unknown

Piggy bank with coins on table
02 August 2021

Monetary policy tightening soon

Things have changed a bit since my last column discussing interest rates a couple of weeks ago. The state of the pandemic has stalled the growth projections for many economies and how quickly interest rates will go up. But what's in store for New Zealand?

Person tightening bolt with spanner