OCR increases are off the table for now, economists say.
It was revealed yesterday that the CPI contracted 0.2% in the final quarter of last year, bringing annual inflation to 0.8%, below the Reserve Bank’s target band.
Bank economists said that meant borrowers with home loans would not need to worry about interest rate rises any time soon.
Westpac’s economists said they expected inflation to stay below 1% until the end of this year...MORE»
Monday, January 12th, 10:01AM 1 comment
Kiwibank has started the year with a cut to its two-year fixed home loan rate.MORE»
Thursday, December 11th, 10:30AM
There's good news for property owners in the latest official cash rate announcement: Mortgage rates look set to stay low for some time yet.MORE»
Here is what Reserve Bank governor Graeme Wheeler had to say about interest rates today.MORE»
It's pretty clear the official cash rate won't move this week, but when it next moves and in what direction is becoming a fascinating question.MORE»
Squirrel Mortgages is applying for QFE status, and wants to start offering KiwiSaver and peer-to-peer lending.MORE»
A major bank has hit the lending brakes, fearing it will breach its low-deposit lending limit.MORE»
Property investors with five or more rentals can, temporarily, breath a sigh of relief that their interest rates aren’t about to rise soon.MORE»