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Surprise at RBNZ’s OCR outlook

Thursday, May 11th, 10:26AM

The Reserve Bank’s decision to hold the OCR at 1.75% was expected, but economists are surprised at its projection the OCR will remain on hold until late 2019.

ASB chief economist Nick Tuffley said the key point in today’s announcement was that the events of the last few months haven’t had an impact on Reserve Bank’s OCR outlook. Despite positive inflation outcomes and a pick-up in inflation expectations they are sticking to their neutral stance, he said. “The Reserve Bank’s OCR outlook was unchanged from February’s MPS, still implying a late 2019 tightening

No change to OCR: What RB said today

Thursday, May 11th, 9:00AM  3 comments

Focus on tone, not content, of OCR call this week

Monday, May 8th, 6:00AM

An official cash rate cut this week would come as a major surprise to all economists.

Previous Mortgage News

ANZ half-year profit jumps

Tuesday, May 2nd, 11:10AM  1 comment

ANZ's operations in New Zealand have reported a 24 per cent increase in profit in the first half of the financial year, to $928 million.

Local flavour makes for bank winners

Monday, April 24th, 10:23AM

It seems that locally owned banks rule the roost when it comes to customer satisfaction, with three New Zealand banks taking out the top awards in Consumer NZ’s latest awards.

Broker concerns referred to FMA

Wednesday, April 12th, 11:13AM

Concerns over the activities of brokers at Brilliant Finance Ltd have led Mortgage Express to cut their ties with them and go to the Financial Markets Authority (FMA).

Lending growth will slow – S&P

Thursday, April 6th, 12:43PM

Recent increases in mortgage rates are set to continue, but this will help ease the risks house price inflation poses to New Zealand banks, Standard & Poors says.

Risk based pricing for Co-op Bank personal loans

Friday, March 31st, 9:00AM

Personalised rates based on credit scores will now be available for personal loans at the Co-operative Bank which has adopted a risk-based approach to applications.

Reaction: OCR - 'Nothing to see here'

Thursday, March 23rd, 10:20AM

Interest rates look set to remain low for some time following a Reserve Bank OCR announcement this morning which was as expected and determinedly neutral, according to economists.

What the RB governor said

Thursday, March 23rd, 9:00AM  1 comment

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