RBNZ to continue hiking
In Market Focus, it says not surprisingly, rates markets were little changed on the OCR move, which had been well signaled.
ANZ says looking ahead, the big question is, how will mortgage borrowers respond, now that the Reserve Bank has kicked off the rate hike cycle?
"We doubt we will see the same kind of panic we saw last year when rates bottomed out. Mortgage rates have been rising steadily and the sense that there's a bargain to be had has faded."
BNZ Weekly Overview says it expects steady rate rises toward 6% come the first part of 2012, which means floating interest rates would rise about 3% or so between now and then.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
