There has been quite a lot of noise about (rising) inflation since roughly the end of March. It’s the kind of noise that borrowers and wannabe borrowers should keep an eye on. Why’s that you ask? Because there’s a clear relationship between inflation and interest rates – when inflation changes, interest rates generally go the [...]
So the RBNZ lifted the OCR this morning, no surprises there. But the really good news is that while future increases are certain to occur, the RBNZ believe the pace of increases will be much more moderate than it has suggested in the past. For the moment that means the interest rate your bank charges [...]