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Results: RBNZ

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05 May 2022

Borrowing costs to banks unusually high at the moment

One of the more interesting things in the wholesale money markets at the moment is that swap rates have risen so far they imply an...

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26 April 2022

Monetary policy to tighten before it loosens again

the fixed rate costs to banks of borrowing money to lend at fixed interest rates have soared in recent weeks. That is why we are s...

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11 April 2022

Mortgage rates still yet to peak

An analyst was quoted recently saying she believes fixed mortgage rates are already at their peaks. I can see where she's coming f...

27 January 2022

Higher inflation means higher interest rates

Inflation in New Zealand has just lifted from 4.9% to its highest level in three and a half decades. The numbers may sound shocking and indicate a rise in interest rates to what they were pre the Global Financial Crisis. But will they rise that high again?

Hand holding magnifying glass over coins
13 January 2022

Interest rate rises to continue this year

Welcome to my first fortnightly column on mortgage rate levels and prospects in New Zealand. At the start of 2022 we can see that all fixed interest rates have in fact risen quite firmly.

Dog looking up
03 December 2021

Monetary policy tightening already in place

Over nearly 3 years the OCR increased from 5.0% to 7.25%. But the 3-year fixed mortgage rate barely increased. Contrast that with the current situation of this rate rising 1.8% the past six months while the Reserve Bank’s cash rate has gone up only 0.5%.

Hands squeezing grapefruit
22 October 2021

Soaring inflation raises mortgage rate risks

For quite a few months now my central theme with regard to interest rates has been fairly clear. Inflation risks are rising, the Reserve Bank will tighten, and chances are they will tighten by considerably more than people are comfortably thinking.

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