They expect the OCR to hold at 0.25% this month
He says focus should now be on supporting small businesses
Over 1,000 households applied for deferrals in the first three weeks of August
“The latest round of social restrictions will have an impact on the property market”
Floating mortgage interest rates are also expected to decrease
However, he is also warning borrowers to budget for a long-term rate increase
The new name brings experience from financial institutions worldwide
New Zealand is officially in recession with more lockdowns possible