Mortgages

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.

Read More - Opens in a new window

Most Read

Unity First Home Buyer special 3.99
SBS FirstHome Combo 3.99
ICBC 4.25
Co-operative Bank - First Home Special 4.35
Co-operative Bank - Owner Occ 4.45
TSB Special 4.49
ANZ Special 4.49
ASB Bank 4.49
SBS Bank Special 4.49
Unity Special 4.49
Westpac Special 4.49
TSB Special 4.00
Kiwibank Special 4.49
Kainga Ora 4.49
Nelson Building Society 4.59
ICBC 4.59
Unity Special 4.65
SBS Bank Special 4.69
ANZ Special 4.69
BNZ - Std 4.69
Westpac Special 4.75
ASB Bank 4.75
ICBC 4.99
Kainga Ora 5.15
SBS Bank Special 5.29
Westpac Special 5.29
BNZ - Std 5.29
Kiwibank Special 5.39
TSB Special 5.39
ASB Bank 5.45
AIA - Go Home Loans 5.45
Co-operative Bank - Owner Occ 5.49
BNZ - Classic 5.59
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
Heartland Bank - Online 5.30
ICBC 5.39
Kiwibank - Offset 5.65
Kiwibank 5.65
ANZ 5.69

More Stories

Wednesday, January 07th 2026

Queenstown not off the radar for first home buyers

First home buyers are not being deterred by Queenstown’s soaring house prices.

Record levels of first home buyers taking out low deposit loans

Tuesday, December 23rd 2025

Record levels of first home buyers taking out low deposit loans

About half of all first home buyer lending has been done at a less than 20% deposit in recent months.

Buyers sitting on the sidelines in best time to buy in a decade

Thursday, December 04th 2025

Buyers sitting on the sidelines in best time to buy in a decade

Stable house prices, low interest rates and plenty of houses to choose from are still not enticing buyers.

Differing views on 50-year mortgage

Tuesday, December 02nd 2025

Differing views on 50-year mortgage

US president Donald Trump recently raised the idea of 50 year mortgages; but New Zealand advisers say such long loans won’t take off in New Zealand.