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OCR and Interest Rates in 2015 (best guess)

While it certainly is difficult to predict where rates will go and even more so since 2007, currently it seems that the Official Cash Rate (OCR) increases will be more modest in 2015 than expected. Data is showing that while the US economy is improving, Europe / Japan are not performing as well.


The N.Z. economy is expected to have continued growth (dairy to recover next year), strong construction, strong net migration and so far modest inflation is expected to continue.

This is should contribute to borrowing short term rates staying comparable and given that bank funding costs have fallen, perhaps there will be more competition in the 2/3 – 5 year mortgage rates – as we have seen recently.

Last words:

As individual circumstances vary, always seek advice from an Authorised Financial Adviser before making any changes to your existing mortgage.

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Published on Wednesday, December 17th, 2014, under Latest News

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