Special rate rise; OCR cut now more likely; New RB data on loans
Tuesday, June 28th 2016, 8:43AM
BNZ has today tweaked its three-year special, adding 10 basis points to the price.
Mortgage lending was up again in May and nearly half of it was in interest only loans, the Reserve Bank’s new, more detailed lending data reveals. [READ ON]
It’s early days yet but economists agree that Brexit has upped the odds for the Reserve Bank to cut the OCR in August. [READ ON]
| « Finally some rate changes to report | The Co-op Bank ups a rate » |
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