News
Rates change all the time. Keep up to date with the latest activity so you can manage your mortgage and pay-it-off faster.
Rises, rises all around
Weekly Home Loan report: Home owners or people about to sign up to a mortgage to buy a property don’t have many good interest rate choices in front of them at the moment.
Bollard raises rates and hints at further hikes
Reserve Bank governor Alan Bollard raised interest rates, blaming strong household demand, the strong housing market and relatively robust consumer confidence.
The official cash rate (OCR) increases to 8.00%.
The OCR will increase by 25 basis points to 8.00%. Reserve Bank Governor Alan Bollard said: “Domestic demand has grown strongly since late 2006, particularly in the household sector.
Economists predicts rates to be held
Most economists are expecting the Reserve Bank to hold interest rates steady when it releases its next monetary policy statement on Thursday but governor Alan Bollard’s comments are likely to be on the hawkish side.
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New Zealand
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New Zealand
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