Mortgage News

Caution urged on rates

Sunday 12th of November 2000

Borrowers should treat carefully any forecasts of large interest rate swings next year, according to BNZ Chief Economist Tony Alexander.

Alexander says the weight of evidence is firmly in favour of the Reserve Bank keeping rates steady over the next six months. However, he says there's a slight change they could cut rates towards the middle of 2001, assuming that:

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