Official Cash Rate hikes again

We understand that recent news about the hike in interest rates in New Zealand may have caused some concern among our clients. However, we want to reassure you that Bayleys and Vega Lend are here to support you through these changes. We have the necessary tools and expertise to navigate this situation, and we will work with you to ensure your financial situation remains stable.

While the OCR increase was unexpected, it has caused some positive effects in the banking industry. ANZ has responded by increasing short-term rates, which could benefit some of our clients. Additionally, the upcoming release of the Consumer Price Index inflation on April 20th may show a slight increase, which could lead to further positive changes.

We encourage our clients to keep an eye on important dates such as the RBNZ monetary policy statement on May 24th, which is expected to forecast a 25-point rise to peak at 5.5%. However, it's important to remember that we are here to help you navigate any changes that may impact your financial situation.

Please don't hesitate to contact us if you have any questions or concerns. Our team, including Jiji Couch, is available to support you every step of the way.

ADVERTISEMENT