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Mixed pressures on mortgage rates heading into 2016

We expect the RBNZ to cut the OCR by an additional 50bp over the second half of 2016.

Further OCR cuts are likely to put downward pressure on floating and short-term fixed mortgage rates.

The risk is long-term mortgage rates increase if influential offshore rates increase over the course of the year.

Economic research - Access trends and financial news | ASB Home Loan Rate Report Mixed pressures on mortgage rates heading into 2016