NZ Herald·3 min read·medium
operative Bank chief executive Mark Wilkshire signals fixed mortgage rate hikes coming ‘pretty soon’
H
Herald Reporters
✦AI Summary
Co-operative Bank CEO Mark Wilkshire warns that fixed mortgage rates in New Zealand are likely to rise soon due to increased volatility in wholesale markets. Geopolitical tensions in the Middle East are cited as a primary driver for the expected 30 basis point increase.
Fixed mortgage rates could be heading up “pretty soon”, says a New Zealand bank boss, as wholesale interest rates rise on the back of volatility in the Middle East.
economybusiness
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