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Cameron Bagrie: Independent Economist on ANZ raising its interest rates after forecasting earlier than expected OCR hikes
Published 2 months, 1 week ago
Description
The country's largest bank is again raising interest rates, days after forecasting much earlier-than-expected OCR hikes.
ANZ is increasing most home loan rates by 10 to 20 basis points following a rise in wholesale rates.
It's now advertising a one-year home loan rate of 4.69%.
Independent economist Cameron Bagrie told Mike Hosking markets are pricing-in the change in forecasts.
He says the fixed rates are based on what's expected to happen, rather than what's happening now.
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