- The RBNZ has signalled its intention to keep the OCR low well into 2010.
- In contrast, there has been a steady upward march in long-term fixed mortgages.
- Borrowers face a trade off: certainty of fixing long-term vs. the benefit of lower short-term rates.
Read the full PDF report.
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Report Prepared by:
Chris Tennent-Brown
CBA NZ Economist
Phone: +64 9 374 8819
Fax: +64 9 302 0992
