
TMM - News
Wholesale interest rates rise after OCR decision

Wednesday 13th of November 2019
Two year, five year, and ten year swap rates rose on Wednesday after the RBNZ decided against another rate cut.
After the Reserve Bank's 50 basis point OCR cut in August, financial markets had priced in a strong possibility of another reduction.
The jump in wholesale rates after the surprise decision makes an increase in mortgage rates more likely.
At a press confere...
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