Article #976497943
Tuesday, March 1st 2011, 7:23AM
Mortgage rates are "set to fall dramatically" as a result of the destructive Christchurch earthquake which hit last week, according to some economists. This means next week's Monetary Policy Statement from the Reserve Bank is likely to be interesting with cuts in the Official Cash Rate expected by most banks.
We also look at ANZ's share of the mortgage market which probably continued to slide in the December quarter even as a big drop in charges for bad loans boosted profitability.
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