ASB Bank economist Anthony Byett gives his views on the best home loan rate deal in wake of the Reserve Banks' Monetary Policy Statement last week.
Tuesday, December 9th 2003, 6:32AM
by The Landlord
The Reserve Bank has just delivered its "no change" policy. The Official Cash Rate remains at 5.00%, at least for now. It is apparent that the RBNZ is exercising patience. It intends to use the full breath of the medium term and average rate nature of the inflation target.
The RBNZ is also very cognisant of a rising NZ dollar and the risks that the NZ dollar could appreciate considerably more, mainly because the NZ dollar may get swept up in the weakening US dollar frenzy - "... the US dollar which seems to be on a trend decline with some
