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Rates change all the time. Keep up to date with the latest activity so you can manage your mortgage and pay-it-off faster.
Are Kiwis set to head back over the ditch?
Last week the Reserve Bank did something they have not done for a long time. In their regular Monetary Policy Statement they published a set of forecasts for where they see interest rates going.
Mortgage interest rates are set to rise
In New Zealand the current general expectation is that this removal of the sugar bowl will commence in the second half of next year. One or two forecasters are suggesting the first half.
How stronger employment could impact interest rates next year
Unlike overseas central banks, ours has never placed a timeline on its low interest rate policy, instead making any rate change conditional on the achievement of its key targets. Let's explore what those targets are and where they're at.
Two triggers for rate rises
At some stage banks will raise their fixed lending rates to avoid locking in lending at low margins for a number of years. There are two potential triggers for these rate rises, according to Economist Tony Alexander
Keen for the best rate and some cash too?
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New Zealand
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New Zealand
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