Kapiti Financial Advice Limited – KiwiSaver and Investment
The RBNZ kept the OCR unchanged at 5.5%, as was universally expected. The focus of attention is whether the first cut will come in November, or whether the Bank will wait until February. The final review this year will be on the 27th November. The next review is not until 19th February 2025. So, there … Read more
Reserve Bank expected to start cutting rates later this year Markets and economists are now expecting the Reserve Bank of New Zealand to start cutting its benchmark interest rate this year and wholesale interest rates have moved down in anticipation. Last week’s Consumers Price Index release supported the view that domestic-driven inflation pressures are easing, … Read more
The Reserve Bank of New Zealand is to begin consultation on new proposals to tighten mortgage lending standards, including: Reducing the amount of lending banks can provide to owner-occupiers at a Loan to Value Ratio (LVR) above 80 percent – reducing the share from 20 percent of all new lending down to 10 percent. This … Read more