This week ends with Westpac hiking its six and 18 month rates by 10 and 20 points respectively. Its six month rate is now 5.69% and 18 month rate 6.79%.
Much of the focus now is on next week's OCR announcement. www.mortgagerates.co.nz will have a summary of what the economists are thinking later today. As a preview though we have a new graph which shows what ASB economists are forecasting for the OCR this year.
The short term view is OK, but it has rates rising steeply in the middle of the year. Check it out here.
| « ASB's view on the OCR | Yep, it's the two-year market for SBS » |
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