ANZ hikes mortgage rates ahead of MPS

Staff reporters
Tue, 17 Aug 2021

ANZ Bank New Zealand isn't waiting for tomorrow's monetary policy statement and has hiked its mortgage rates for one year and beyond by 10-to-30 basis points and its "special" rates a year and beyond by 10 to 15bp.ANZ's economists are predicting the Reserve Bank will lift the official cash rate by 25 basis points to 0.5%, the first hike since 2014. The four hikes that year were reversed the following year, but the economists say this time is different because in 2014 it was expecting inflation and employment to rise b...

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