Official Cash Rate unchanged at 1.75 percent

9 November – The RBNZ has kept Official Cash Rate unchanged at 1.75 percent.

Here are the 3 takeaways from the Governor’s speech:

  1. The RBNZ is not looking to introduce any further restrictions to cool down the housing market.
  2. Although the LVR ratio requirement is not likely to removed any time soon, the RBNZ  is unlikely to introduce debt to income requirement to get a home loan.
  3. Low house inflation is likely to continue due to reduced demand, tightening credit standards, and the government’s housing policy.

 

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