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Press Release – Finder A slew of banks have moved their fixed loan rates in both directions in recent weeks, yet experts believe further rate changes could still be on the cards. In this months Finder RBNZ Official Cash Rate Survey , 13 experts and economists weighed in on future …
A slew of banks have moved their fixed loan rates in both directions in recent weeks, yet experts believe further rate changes could still be on the cards.
In this month’s Finder RBNZ Official Cash Rate Survey, 13 experts and economists weighed in on future official cash rate (OCR) moves and other issues related to the state of New Zealand’s economy.
Tuesday, 25 May 2021, 10:46 am
A slew of banks have moved their fixed loan rates in both
directions in recent weeks, yet experts believe further rate
changes could still be on the cards.
In this month’s
Finder RBNZ
Official Cash Rate Survey, 13 experts and economists
weighed in on future official cash rate (OCR) moves and
other issues related to the state of New Zealand’s
economy.
While all experts surveyed predict the OCR to
remain at 0.25% this month, over half of those who weighed
in (58%, 7/12) believe further rate changes may be announced
within the coming months.
In the second half of April
Press Release – Finder
A slew of banks have moved their fixed loan rates in both directions in recent weeks, yet experts believe further rate changes could still be on the cards.
In this month’s Finder RBNZ Official Cash Rate Survey, 13 experts and economists weighed in on future official cash rate (OCR) moves and other issues related to the state of New Zealand’s economy.
While all experts surveyed predict the OCR to remain at 0.25% this month, over half of those who weighed in (58%, 7/12) believe further rate changes may be announced within the coming months.
In the second half of April 2021, several banks nudged their 1-year fixed mortgage interest rate down by 0.04% and their 2-year rate by 0.1%
If house prices fall, will the sky fall too?
14 May, 2021 05:00 PM
12 minutes to read
What would happen if house prices fell? Photo / Sylvie Whinray House prices were supposed to fall last year. Everybody said they would: almost all the economists and property people, the politicians and the business writers. Even while prices were rising faster than they had for decades, the commentators kept on saying it would soon come to an end.
For a moment, they were almost right. In May, the median house price fell 8.8 per cent: the largest fall in a single month for decades. But then prices surged again. By September they were rushing past the April peak and they just didn t stop.