
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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