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Rate Tightening Halt Expected In Dec

New Zealand's central bank is expected to call a halt to its monetary tightening after one more quarter point rise at the end of the month, according to a Reuters poll.

Tuesday, October 12th 2004

The Reserve Bank of NZ has raised its cash rate five times this year by a total of 1.25 percentage points to 6.25 percent, the highest in the developed world, to try to calm strong domestic demand and inflation.

A poll by Reuters of 14 forecasters shows a unanimous view the bank will raise its benchmark rate to 6.5 percent at the next review on October 28.

The risk of no change at the review has fallen to 13 percent from 25 percent in the previous poll taken in late September.

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Top Mortgage Rates

SBS FirstHome Combo 4.29
Unity First Home Buyer special 4.29
Co-operative Bank - First Home Special 4.85
China Construction Bank 4.85
ICBC 4.85
TSB Special 4.89
Kiwibank Special 4.89
ASB Bank 4.89
Westpac Special 4.89
BNZ - Std 4.89
AIA - Go Home Loans 4.89
Nelson Building Society 4.93
ICBC 4.95
SBS Bank Special 4.95
China Construction Bank 4.95
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SBS Bank Special 5.39
Westpac Special 5.39
ICBC 5.39
Co-operative Bank - Owner Occ 5.59
BNZ - Std 5.59
BNZ - Classic 5.59
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ASB Bank 5.59
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ANZ 5.79
SBS Construction lending for FHB 3.94
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Heartland Bank - Online 5.99
Pepper Money Prime 6.29
Kiwibank - Offset 6.35
Kiwibank 6.35
TSB Special 6.39
ASB Bank 6.44

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