The Reserve Bank, retail banks, and government have agreed in principle to extend the mortgage deferral programme, according to RBNZ governor Adrian Orr: [READ ON]
The OCR was on hold yesterday but the government wants to push down mortgage rates with further quantitative easing. Economists say negative rates are now a real possibility after the latest Covid outbreak: [READ ON]
| « Advisers brace for second lockdown; ASB profits drop 20%; OCR decision later | Why mortgage rates are likely to fall even lower » |
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