Home loan rates don’t look like going up anytime soon following today’s official cash rate announcement from the Reserve Bank.
As expected the central bank left the OCR at 3.50%, however the key change was new language used by the bank.
RBNZ governor Graeme Wheeler dropped the phrase “some further policy tightening will be necessary to keep future average inflation near the two percent target mid-point and ensure that the economic expansion can be sustained” and replaced it with: "A period of assessment remains appropriate before considering further policy adjustment...MORE»
Thursday, October 30th, 2:07PM
BNZ chief executive Anthony Healy credits the bank's “strong” performance in the 12 months ending September 30 to a turn around in its lending operations.MORE»
Thursday, October 30th, 9:00AM
The Reserve Bank has left the OCR unchanged and has given few clues about future movements.MORE»
Don't expect to see the Reserve Bank increase the official cash rate this week. However, economists are making significant changes to when they expect the RBNZ will make its next increase and how high it will take the cash rate in this cycle.MORE»
Next month’s Reserve Bank Financial Stability Report will review the state of the housing market and the implications of that on loan-to-value restrictions, the Reserve Bank governor says.MORE»
Non-bank lender RESIMAC has completed a $150 million securitisation which will help it continue to grow in New Zealand.MORE»
Non-bank lender, RESIMAC Home Loans, is paying mortgage advisers an additional 20 basis points of upfront commission on selected products in the lead up to Christmas.MORE»
While the Reserve Bank is not indicating when it next expects to increase the OCR, markets are picking the move will come in seven months time.MORE»