HOW TO S URVIVE THE LOOMING INTEREST RATE HIKES Rupert Gough
ANALYSIS: Not since its inception in 1999 has the Official Cash Rate (OCR) in New Zealand increased by 50 basis points in two consecutive announcements. As of May 25 2022, that record has now been broken with more
28 May 2022
hikes - potentially even 50 basis point hikes possible later this year. The question on every homeowner’s lips (or keyboard), therefore, is likely to be: how will this affect my mortgage or a mortgage I intend to get?
OFFICIAL CASH RATE: FALL AND RISE The chart shows the movement in the Official Cash Rate between September 2014 and May 25, 2022, when the Reserve Bank increased the rate by 0.5 percentage points to 2%.
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