Interest Rates increase
We have in the last few days seen some of the major banks increase their fixed home loan rates sighting an increase in the cost of wholesale rates as the reason. In our opinion these increases are unjustified as margins…
Major changes ahead for borrowers – 1st October
The Reserve Bank has signalled that from the 1st October all the banks will be limited to the number of loans that they can lend to borrowers (new and existing) over 80% of a property’s value. At present most banks…
Interest Rate Update – July
The Reserve Bank left the Official Cash Rate (OCR) unchanged at 2.50 percent this morning. With the Kiwi dollar still high and inflation remaining low the likelihood of the OCR been increased before 2014 is remote. It is unlikely then…
Interest Rates will likely stay flat for 2013
Unsurprisingly the Reserve Bank left the Official Cash Rate at 2.50 percent this morning. http://www.rbnz.govt.nz/news/2013/5236174.html Governor Wheeler’s comments indicate that with the Kiwi dollar at record highs and the NZ economy still sluggish there is little likelihood of NZ borrowers…
Reserve Bank – Interest rates on hold again but ANZ move anyway
The Reserve Bank has again left the Official Cash Rate (OCR) unchanged at 2.50 percent as per its scheduled Monetary Policy Statement made on the 14th March. http://www.rbnz.govt.nz/news/2013/5184068.html The tone of the Reserve Bank Governor was quite different to what…
