Demand for mortgages continues to decline; good and bad news on the inflation war
Monday, April 24th 2023, 4:08PM
Demand for mortgages fell sharply in the last six months, reflecting higher interest rates and the perception that house prices would fall further, according to the Reserve Bank’s latest half-yearly survey of banks. [READ ON]
While markets may be chomping at the bit to price in interest rate cuts from late this year/early next year, ANZ economists are not convinced the RBNZ’s monetary policy committee will be eager to deliver them any time soon. [READ ON]
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