Standoff: Yawning interest rate gap opens up between Reserve Bank and market
A standoff between the money market and the Reserve Bank could mean lower mortgage rates.
A standoff between the money market and the Reserve Bank could mean lower mortgage rates.
The RBNZ deputy governor sheds some light on the new debt-to-income restrictions.
Half of fixed mortgages being repriced and corporate loans still to be adjusted.
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'This activity could continue well into 2024,' says Centrix managing director.
The Reserve Bank warned that inflation remained too high.
Capacity pressures easing as higher interest rates dampen demand.
With a last hike for the year looking unlikely, what does the bank expect for 2024?
Westpac is cutting a range of its longer-term home loan rates.
But it's likely borrowers will have to wait until next year to see some relief.
Homeowners are still facing increasing mortgage rates.
Annual Waikato Business Awards winners have been announced.
OneRoof's latest property report paints a picture of how suburbs have performed.
If you think interest rates are hurting mortgage holders, it's even worse for businesses.
Spending in retail industries fell 0.7 per cent compared to September, down by $44m.
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Economist: Strong domestic inflation pressures are expected for some time yet.
RBNZ warns times will get tougher for mortgage holders.
Auckland prices fell the most during the downturn, closely followed by Wellington.
High population growth is 'adding to demand', says Westpac's chief economist.
NZ households highly indebted by international standards.
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Interest rates have risen sharply over the past two years.
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Some mortgage rates creep close to 8 per cent, while deposit rates hit 6 per cent.
"Every single dollar that one can save is important."
About 80 per cent of fixed-term loans due to reprice in less than two years.
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