Mortgage News

RBNZ signals rates hikes coming

Thursday 28th of July 2011

In his OCR statement today  he said:  "Provided current global financial risks recede and the economy continues to recover, the bank sees little need for the March 2011 "insurance" cut to remain in place much longer."

In March the bank made an emergency cut of 50 basis points in response to the Canterbury earth quakes and described the move as "insurance" against a possible col...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.