“The Mortgage Storm” we were were warned about feels more like a bit of dappled sunlight breaking through some wispy clouds.
If the RB wants to increase the OCR “soon” then get it over with now instead of tip- toeing around it.
Nothing is worse for the market than uncertainty.
OCR stays at 2.5pc – hikes coming soon
9:15 AM Thursday Jan 30, 2014
“The bank remains committed to increasing the OCR as needed to keep future inflation near the 2 per cent target mid-point,” Wheeler said in a statement. “In this environment, there is a need to return interest rates to more-normal levels.
The bank expects to start this adjustment soon.”