Ocr
Interest rate now 5.5%, RBNZ warns no cuts until late 2024
24 May 2023
Homeowners feeling the pinch are being warned they are only half way through the ripple effect on mortgage rates, with the official cash rate now at its peak.
The Reserve Bank has signalled cuts… Audio
Surprise rate hike to 5.25% as RBNZ seeks to halt inflation
5 Apr 2023
Reining in inflation is coming at a cost for the average New Zealander with a mortgage, critics say.
The Reserve Bank has surprised with a 50 basis point rise in the official cash rate to 5.25… Audio