RBNZ not worried about mortgage rates rising faster

Assistant governor Christian Hawkesby says RBNZ wants tighter conditions. (Image: supplied)

Tue, 07 Dec 2021

The Reserve Bank isn't concerned mortgage interest rates are moving faster than wholesale rates, assistant governor Christian Hawkesby told a KangaNews conference on the New Zealand debt markets."We think mortgage rates are moving in line with their drivers, which are more than just swap rates. It's retail deposit rates as well," Hawkesby said.In his speech, Hawkesby noted that fixed-rate mortgage rates have risen almost 200 basis points.The central bank has raised its official cash rate (OCR) twice in early October and late N...

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