this post was submitted on 03 Jul 2023

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interest rates heading up... (www.1news.co.nz)

submitted 1 year ago by absGeekNZ to c/newzealand

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[–] sylverstream 2 points 1 year ago (1 children)

Longer term rates are still lower than short term which is quite unusual. So I guess they expect rates to come down.

[–] Dave 2 points 1 year ago

Yes I'm not running from memory but I believe the RBNZ said one more rise then they will hold it for a while. So banks are anticipating that they will fall over the longer term (funny how we consider 5 years long term).