The latest announcement would have to be a win win.
The Reserve Bank Governor said "The outlook for the New Zealand economy has improved since the publication of the March statement." That's a win!
The OCR has been held at 2.50%. That's a win!
There was also commentary on household debt which remains high so this will continue to hold us back from further retail spending for some time as we continue to focus on repaying debt. While interest rates are as low as they are, it is in our best interests to repay short term debt as soon as you can.
As half the year passes us by, the underlying message is to monitor interest rates closely, get the best possible advice along the way so that if and when you think you should fix your mortgage you are well informed to make the right decision at the right time.
Contact us anytime to talk about your situation, or find your adviser here
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