Mortgage News

RBNZ sounds less relaxed

Thursday 19th of September 2013

In last week’s MPS the RBNZ raised its interest rate forecasts by around 50bps
-   We still see a first OCR hike in March next year, and expect floating rates to be 2.0% higher in two years
-   As the market holds a similar view, wholesale fixed rates sit close to ‘break-even’ relative to expected floating rates
-   However, fixed rates offer prot...

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