RBNZ dashes hope of 2024 interest rate cut; Record immigration to blame

The Reserve Bank left its official cash rate (OCR) unchanged at 5.5% and said “ a prolonged period of subdued activity is required to reduce inflationary pressure.” [READ ON]

Those bearing the brunt of rising mortgage rates can blame the impact of record net immigration for interest rates remaining high into 2025 before they're likely to see any relief. [READ ON]


TMM is doing its annual survey of mortgage advisers and we would like you to take part in it. The survey is your opportunity to tell us about the state of the mortgage advice market. To complete the survey CLICK HERE


Prospa is holding a working lunch tomorrow at Saint Alice (Auckland Viaduct).

To join Prospa team and industry colleagues please click here.


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