Mortgage News

Nine more months of unchanged OCR predicted

Monday 10th of June 2013

The past few weeks have been dominated by commentary about interest rates. Reserve Bank governor Graeme Wheeler said the OCR could drop if the looming macroprudential tools cool the housing market, and economists weighed in with predictions that floating rates could hit 7% by the end of next year.

But the 13 economists surveyed by www.mortagerates.co.nz all agreed that for now at least,...

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