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Interest rates tipped to rise on Thursday

The Reserve Bank is widely expected to increase interest rates by another 25 basis points to 6.5 per cent on Thursday as the economy continues to exceed expectations, economists say.

Monday, October 25th 2004

A rate rise was "in the bag", ASB economist Kate Skinner said.

"The real question is will the Reserve Bank signal that it believes additional tightening of monetary policy is required?

"We believe the answer is yes."

The recent rise of the New Zealand dollar would not have been enough to offset the stronger economic activity and more intense inflation pressures than the Reserve Bank had predicted in September, Ms Skinner said.

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Top Mortgage Rates

Unity First Home Buyer special 3.99
SBS FirstHome Combo 4.29
Co-operative Bank - First Home Special 4.39
ANZ Special 4.49
Kiwibank Special 4.49
ASB Bank 4.49
SBS Bank Special 4.49
TSB Special 4.49
Westpac Special 4.49
BNZ - Std 4.49
Co-operative Bank - Owner Occ 4.49
TSB Special 4.49
Westpac Special 4.49
Wairarapa Building Society 4.59
SBS Bank Special 4.65
ANZ Special 4.65
ASB Bank 4.65
BNZ - Std 4.65
AIA - Go Home Loans 4.65
Nelson Building Society 4.69
Kiwibank Special 4.69
Kainga Ora 4.75
SBS Bank Special 4.99
Westpac Special 4.99
TSB Special 5.39
ICBC 5.39
BNZ - Std 5.39
AIA - Go Home Loans 5.39
ASB Bank 5.39
ANZ 5.49
Co-operative Bank - Owner Occ 5.49
Kainga Ora 5.49
SBS Bank 5.59
SBS Construction lending for FHB 3.74
CFML 321 Loans 4.25
AIA - Back My Build 4.44
Heartland Bank - Online 5.45
Co-operative Bank - Owner Occ 5.70
Co-operative Bank - Standard 5.70
ANZ 5.89
TSB Special 5.94
ASB Bank 5.99
BNZ - Std 5.99
ICBC 6.09

Full Rates Table

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