Mortgage News

BNZ picks March rate hike

Monday 10th of November 2003
While most economists are expecting the Reserve Bank to sit on its hands until at least June before raising interest rates, Bank of New Zealand has stuck its neck out with a prediction of a rate hike in March.

The forecast comes in the same week the central banks in Australia and England surprised the markets with rate hikes.

In the US, economists are rethinking when they expect the Federal...

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