Month: January 2014

Economists: Inevitable OCR increase weeks away

“People should have a good look at their circumstances and talk to their bank so they can be properly prepared for interest rate hikes,” says Bankers’ Association spokesperson Kirk Hope.

Get set for rising interest rates

Now is a good time to prepare for rising mortgage interest rates said the New Zealand Bankers’ Association in response to the Reserve Bank of New Zealand’s Official Cash Rate statement today. While the OCR has been left unchanged at 2.5%, the Reserve Bank has recently projected the cash rate could rise by 2.25% over… Read more »