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Mortgage Rates Commentary

ASB's view on the OCR

Friday 22nd of January 2010

This week ends quietly (for now) with no home loan rate changes; however the focus 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 sort term view is OK, but it has rates rising steeply in the middle of the year. Check it out here.

 

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Paul Flood: The danger is that the 'goalposts' (regarding what is acceptable or unacceptable adviser conduct) may be susceptible to change. Our 'Principles based' legal/regulatory environment lends itself to “prevalence-induced concept change” over time, perhaps not so much in the written laws and Code, as in the interpretation of the prescribed principles.
1 hour ago Steve Wright
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Just a tip, if you use more than six, six letter words in a sentence you lose most Kiwi's. So avoid client/adviser confusion when writing your post or article if you would like it read and understood. Ironically, my last sentence was not likely read.
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FMA outlines its latest expectations for advisers
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To correct errors in my previous post: "policies, templates, and controls" should read "policies, processes, systems and controls", and "is more conductive" should read "is more conducive".
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