MR - Experts Views

No point on mortgage curve safe now

Monday 2nd of November 2009

The Westpac Weekly Commentary says recent comments from the RBNZ strongly hint that it is leaning towards moving "late and hard". This would put it at odds with other central banks favouring a more pre-emptive approach, particularly with policy rates still at "emergency settings".

"The Reserve Bank of Australia (RBA) and Norges Bank have begun raising rates on this basis...

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