Mortgage News

Interest rate predictions for 2013

Friday 21st of December 2012

Economists predict the official cash rate (OCR) will begin to rise as soon as next June, according to a survey by www.mortgagerates.co.nz.

Reserve Bank Governor Graeme Wheeler indicated at the most recent OCR announcement that he expected to keep the rate on hold until 2014. All but two of the seven economists surveyed expected the rate to have risen by next December.

UBS expects...

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