Mortgage News

New RBNZ governor not likely to wheel out rate cut

Wednesday 24th of October 2012

Of the 11 economists polled by www.mortgagerates.co.nz, all expect the rate to be kept unchanged at 2.5%.

It had been suggested that lower than expected inflation figures might prompt a reduction in the rate but most of the economists said that the probability of Graeme Wheeler keeping the rate on hold was 90% or more.

The exceptions were Paul Bloxham of HSBC, who said the chance...

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