Official Cash Rate unchanged – Reserve Bank
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. Reserve Bank Governor Alan Bollard said: “The New Zealand economy is recovering broadly as expected and growth is...
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OCR rise – time to fix or stay floating?
This week the Reserve Bank raised the official cash rate for the first time since the global credit crunch hit home. This is significant as an indicator that the Government sees the light at the end of...
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The potential impact of the Christchurch earthquake tragedy on the Official...
A lot can certainly happen in a month. It was only a few weeks ago that I discussed the possibility of interest rates remaining as they are until at least mid-2011 or possibly until September. However,...
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Latest stats show a lift in Feb but market still subdued
North Wellington Property Market update – 23rd March 2011 The median selling price is showing signs of some upward motion as 2011 unfolds. The stats don’t yet show the effects of the second...
View ArticleOCR rise on the cards this week – a mortgage broker comments
To fix or stay floating???? Mortgage Broker Kris Pedersen from krispedersen.co.nz has this to say about the looming interest rate rises….. Almost unanimously across the board economists agree that the...
View ArticleMortgage rate hikes coming!!
The New Zealand dollar jumped to a five-month high after the Reserve Bank raised the benchmark interest rate as expected and signalled further hikes are on the way. The kiwi rose as high as 85.26 US...
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