Property Management

Anxiety levels to be tested

ASB Bank economist Anthony Byett gives his views on the best home loan rate deal in wake of the Reserve Banks' Monetary Policy Statement last week.

Tuesday, December 09th 2003

The Reserve Bank has just delivered its "no change" policy. The Official Cash Rate remains at 5.00%, at least for now. It is apparent that the RBNZ is exercising patience. It intends to use the full breath of the medium term and average rate nature of the inflation target.

The RBNZ is also very cognisant of a rising NZ dollar and the risks that the NZ dollar could appreciate considerably more, mainly because the NZ dollar may get swept up in the weakening US dollar frenzy - "... the US dollar which seems to be on a trend decline with some

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Unity First Home Buyer special 4.09
SBS FirstHome Combo 4.19
ICBC 4.49
Co-operative Bank - First Home Special 4.55
Kainga Ora 4.59
BNZ - Std 4.65
Co-operative Bank - Owner Occ 4.65
ASB Bank 4.65
AIA - Go Home Loans 4.65
TSB Special 4.69
SBS Bank Special 4.69
China Construction Bank 4.95
Kainga Ora 4.95
ICBC 4.99
Nelson Building Society 5.09
BNZ - Std 5.19
SBS Bank Special 5.19
Westpac Special 5.19
ASB Bank 5.25
AIA - Go Home Loans 5.25
TSB Special 5.25
Kiwibank Special 5.29
ICBC 5.65
Kainga Ora 5.69
Westpac Special 5.79
BNZ - Std 5.79
SBS Bank Special 5.79
Co-operative Bank - Owner Occ 5.89
ASB Bank 5.89
AIA - Go Home Loans 5.89
Kiwibank Special 5.99
TSB Special 5.99
China Construction Bank 5.99
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
CFML 321 Loans 3.95
Co-operative Bank - Owner Occ 4.99
Co-operative Bank - Standard 4.99
ICBC 5.39
Kiwibank - Offset 5.75
Kiwibank Special 5.75
Kiwibank 5.75
Unity Standard 5.79

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