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4 Feb 2025 11:58
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      Home > News > Business

    A mortgage broker is advising people to hedge their bets, as uncertainty continues over upcoming Official Cash Rate announcements

    A mortgage broker is advising people to hedge their bets, as uncertainty continues over upcoming Official Cash Rate announcements


    Centrix is hoping the Reserve Bank will make more cuts, as its latest Credit Indicator report shows almost half a million New Zealanders are behind on repayments - with consumer arrears levels up 1.3-percent.

    Key Mortgages' Jeremy Andrews says people shouldn't necessarily hope rates will drop.

    He suggests fixing loans midterm, adding he's never seen so many people with floating rates.

    The next OCR announcement is due in a fortnight on February 19.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     04 Feb: Possible corporate tax cuts could be on the way in this year's Budget
     04 Feb: Winston Peters says any shipyard able to build us two medium-sized ferries should step forward now
     04 Feb: Confidence interest rates will slowly alleviate financial hardship, as almost half a million New Zealanders are behind on repayments
     03 Feb: Doubts new Trump tariffs on China, Mexico and Canada will end fentanyl flow to US
     03 Feb: New Zealand's Trade Minister isn't speaking out against Donald Trump's tariffs just yet, but admits they'll impact Kiwi businesses
     03 Feb: Bed Bath and Beyond - must pay a more than 230 thousand-dollar fine, for selling a record number of unsafe products
     03 Feb: Living-cost inflation is starting to slow
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    Possible corporate tax cuts could be on the way in this year's Budget More...


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