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.
The Reserve Bank this morning left the OCR at 3.5%.
Reserve Bank governor Graeme Wheeler noted CPI inflation remained modest, influenced by the high dollar and drops in international oil prices.
He pointed out that New Zealand’s growth was expected to remain at or above trend through 2016, with unemployment rates dropping.
ANZ chief economist Cameron Bagrie said New Zealand had a “goldilocks economy”, with solid growth and low inflation...MORE»
Thursday, December 11th, 9:00AM 1 comment
Here is what Reserve Bank governor Graeme Wheeler had to say about interest rates today.MORE»
Monday, December 8th, 9:45AM 1 comment
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»
Reserve Bank governor Graeme Wheeler, today, dashed hopes that the bank would remove loan-to-value ratio (LVR) lending restrictions any time soon.
Like the BNZ, ANZ has described its results for the 12 months to September 30 as “solid”.MORE»