OCR announcement: Official Cash Rate to remain at 1%
Yesterday the Reserve Bank of New Zealand announced that the Official Cash Rate (OCR) would remain unchanged at 1%.
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.
Capital Requirements to increase in 2020
Today the Reserve Bank of New Zealand announced their final decision to increase the capital requirement for banks.
Change in the wind - an economic update
It wasn’t that long ago that most economists and experts were expecting the OCR to be as low as 0.25% by the end of 2020.
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?