标题: ZT: Record low: Reserve Bank cuts rate to 1.75 per cent [打印本页] 作者: NewLynnHse 时间: 2016-11-10 09:13:34 标题: ZT: Record low: Reserve Bank cuts rate to 1.75 per cent
The Reserve Bank has cut the official cash rate has been cut to 1.75 per cent.
Economists were widely expecting the Reserve Bank governor Wheeler to cut the OCR by another 25 basis points to a record low 1.75 per cent today.
Experts, however, believe that won't bring fixed term mortgage rates down and instead they are likely to head upwards on the back of rising international borrowing costs for the banks.
ASB last Friday increased its three-year standard fixed term rate from 4.89 per cent to 5.09 per cent and lifted its five-year standard rate from 5.29 per cent to 5.49 per cent.
BNZ on Tuesday announced it would increase its three-year fixed home-loan rate by 10 basis points to 4.59 per cent from today.
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