Demand for mortgages fell sharply in the last six months, reflecting higher interest rates and the perception that house prices would fall further, according to the Reserve Bank’s latest half-yearly survey of banks. [READ ON]
While markets may be chomping at the bit to price in interest rate cuts from late this year/early next year, ANZ economists are not convinced the RBNZ’s monetary policy committee will be eager to deliver them any time soon. [READ ON]
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