Mortgage Rates Commentary

TSB turn; OCR increase warning

Wednesday 17th of July 2013

It's TSB's turn to increase rates. Late yesterday it increased its two, three, four and five year rates. They are up by five, 25, 20 and 30 basis points, respectively.

Also yesterday we had the latest CPI numbers which showed inflation remains subdued, with annual inflation sitting below of the Reserve Bank's target band at 0.7%. However there are concerns that the exchange rat...

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