Home Loan Report: Conflicting forces give borrowers a break

  • It’s been a one-way street for borrowers over the past year – mortgage rates have gone up and up as the Reserve Bank of New Zealand (RBNZ) has progressively hiked the Official Cash Rate (OCR)
  • Higher and higher rates of inflation have fuelled concerns about how high the OCR (and in turn borrowing costs) might need to go to get inflation back in check
  • Similar developments have been playing out offshore

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Chris Tennent-Brown

ASB Wealth Senior Economist

Chris has worked as an economist for ASB and Commonwealth Bank of Australia in Sydney since 2005. His work has involved monitoring and forecasting trends in the New Zealand economy, with a focus on drawing implications for financial markets and investments. Chris is passionate about savings issues, and much of his current work is focussed on broadening peoples understanding of investments. Chris obtained a Bachelor of Commerce at Auckland University, majoring in Economics, and prior to joining ASB worked in the funds management industry for Bankers Trust and BT Funds Management. With over 20 years' experience in finance, Chris has also spent several years farming, and was a New Zealand representative cyclist. When not at work, Chris likes to travel, cycle, and spend time with his family and numerous pets.

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