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19 Feb 2025 18:59
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  •   Home > News > Business

    A prediction big drops in mortgage rates are on the cards

    A prediction big drops in mortgage rates are on the cards


    Both ANZ and ASB have lowered some of their mortgages rates, following the Reserve Bank's decision to keep the Official Cash Rate unchanged at 5.5 percent.

    KiwiBank Chief Economist Jarrod Kerr says if the central bank starts cutting in November -- it could be just the start.

    He says they'll be cutting throughout next year, and Kerr thinks we'll see mortgage rates fall quite sharply next year.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     19 Feb: Meridian Energy's reached an agreement to purchase NZ Windfarms Limited
     19 Feb: House prices are continuing to fall, but some parts of the country keep bucking the trend
     19 Feb: Anticipation's building in the property market, with expectations the Official Cash Rate will be shaved by another 50-points today
     19 Feb: Canterbury continues to buck national property trends
     19 Feb: Another large cut to the Official Cash Rate's on the cards today
     19 Feb: Genesis Energy's bought a consented Canterbury solar farm, expected to generate 67 megawatts from 2027
     18 Feb: Australia's Reserve Bank has lowered its interest rates for the first time since 2020
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    Injuries have forced the Chiefs to keep All Blacks first five Damian McKenzie at fullback for Friday's Super Rugby tussle with the Crusaders in Hamilton More...


    BUSINESS BUSINESS
    Meridian Energy's reached an agreement to purchase NZ Windfarms Limited More...



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