24 May 2023

Interest rate now 5.5%, RBNZ warns no cuts until late 2024

From Checkpoint, 5:39 pm on 24 May 2023

Homeowners feeling the pinch are being warned they are only half way through the ripple effect on mortgage rates, with the official cash rate now at its peak.

The Reserve Bank has signalled cuts won't come until the third quarter of next year.

Amy Williams has the story.