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Experts' Views
OCR announcement expected to have a downbeat toneTuesday, March 9th, 9:32AM
Economists are expecting a more downbeat tone to the Reserve Bank's Monetary Policy Statement this Thursday, but no surprises as it tries to retain flexibility in when it will start policy tightening.ANZ Market Focus says it expects the Official Cash Rate (OCR) to be left unchanged at 2.5% and the timing of the tightening cycle vague to give the Reserve Bank flexibility. "Specifically we struggle to see why the Reserve Bank would continue to include references to "the middle of 2010" in regards to tightening policy, given that we are now already in March." It puts the patchiness in economic momentum down to four reasons, a backdrop of household deleveraging and a structural imperative to improve New Zealand's external position, some success the Reserve Bank is having with its liquidity regime, continued global unease and some uncertainty regarding impending tax changes...MORE»
Previous News
Low floating rates not getting much responseFriday, February 26th, 4:25PM
Low floating mortgage rates have not produced a surge in borrowing says BNZ economist Tony Alexander.
MORE» Meaty chunks off the tableTuesday, February 23rd, 5:09PM
Predictions for an OCR hike have jumped from April to June and now economists are tempted to push this out to July because of softening data. MORE»Taking a moment to pauseFriday, February 19th, 11:49AM
Just as we have seen the Reserve Bank of Australia pause in their tightening cycle after three rate rises, it is certain our own central bank will carefully assess the impact of its rate rises, pausing if the need arises says BNZ economist Tony Alexander. MORE» A 2010 recovery?Monday, February 15th, 5:50PM
Early optimism that 2010 would be the year the recovery would take hold has faded and markets have a decidedly cautious air about them according to ANZ economists. MORE» The big question around a possible GST rise to 15%Friday, February 12th, 12:35PM
Prime Minister John Key announced this week that GST could rise to 15% and the big question is: Will it lead to a lift in general wage and price setting behaviour against which the Reserve Bank may need to act with some extra tightening of monetary policy? MORE» Unemployment figures point to a June OCR hikeTuesday, February 9th, 7:27AM
Weak domestic economic data has reduced some of the urgency for the Reserve Bank to unwind stimulus and this has led to a change of mind for many economists picking when the official cash rate (OCR) will rise, with June now the predominant view. MORE»Economists debate meaty chunks commentTuesday, February 2nd, 10:03PM
Economists all reviewed their predictions for an official cash rate (OCR) hike this week in response to Governor Bollard’s speech on Friday where he said “it is possible there could be some meaty chunks to the upside”. MORE» |
Latest News
OCR announcement expected to have a downbeat tone Market looks to Bollard for guidance on interest rates TSB's profit surges, mortgage book grows |
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A decade of rates
The graph shows the significant movement in mortgage interest rates that has been experienced within past decade. Since 2000 the floating rate has peaked at 10.7% in mid 2008. The highest floating rates were 20.5% back in June 1987. MORE » |
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