Domestic data could signal inflation stall to the Reserve Bank
High and persistent domestic inflation will dampen Reserve Bank enthusiasm for OCR, and subsequently, interest rate cuts any time soon.
In fact, ASB chief economist Nick Tuffley says broad-based price rises in some sectors of the economy could indicate to the RBNZ a drop in inflation is stalling.
Although the country’s inflation figures are the lowest since June 2021 at 4%, most of the drop has been from imported goods inflation. Tradables inflation fell to 1.6% - well below the 2.2% some economists were predicting...MORE»
New mortgage adviser association now officially open for membershipWednesday, April 17th, 8:36AM
The Finance and Mortgage Advisers Association of NZ opens its door to advisers and spells out its proposition. MORE» |
More pain in store for mortgage holdersTuesday, April 16th, 11:17AM
The latest Reserve Bank figures show 59% of existing mortgages will move onto higher interest rates in the next 12 months. MORE» |
Financial complaints rise as cost-of-living pressures continue
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MORE»Mortgage Lab buys new trail book
People Group has sold its Mortgage People trail book to Mortgage Lab.
MORE»Economists remain divided on how early the first rate cut will come
ANZ chief economist Sharon Zollner continues to expect no official cash rate (OCR) cuts this year but other economists, including BNZ's Doug Steel and Kiwibank's Jarrod Kerr and ASB's Mark Smith, expect one cut late this year.
MORE»BREAKING: OCR 5.50% - Official Cash Rate remains unchanged
The Monetary Policy Committee today agreed to leave the Official Cash Rate (OCR) at 5.50 percent.
MORE»