Mortgage News

OCR move tipped within a year

Monday 22nd of July 2013

Fifteen economists surveyed by mortgagerates.co.nz said they expected the OCR to remain at 2.5%. But two thought it likely that there would be a lift by the end of the year.

Robin Clements, of UBS New Zealand, and Paul Bloxham, of HSBC, expect a 25 basis point lift in December.

Almost all the others expect the OCR to reach 2.75% in March 2014.

Clements said house price infl...

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