The OCR is set to stay on hold longer than markets had anticipated after Reserve Bank’s monetary policy statement.

• RBNZ’s cautious forecasts suggest a rate hike could be as far away as late 2019 or early 2020.
• That’s unlikely to hold back the rising mortgage interest rates – but it could temper the pace of those rises.
• NZ’s financial conditions had firmed w/ long-term interest rates rising & continued upward pressure on the NZ dollar exchange rate.
• Meanwhile, the recent moderation in house price inflation was welcome, & in part reflected LVR restrictions & higher mortgage rates.

Read full article »

» Stay tuned to the latest property news summaries, sent to your inbox weekly – sign up here.

Share Post