What's next?
OCR kept at 5.50%, two in a row with no change in the OCR.
Current monetary policy working as expected to clampdown the domestic spending therefore tracking well to counter the inflation.
Members of the MPC has mentioned:
"The risks around the lagged effect of previous monetary tightening on households and businesses. The average mortgage rate on outstanding loans is expected to rise from around 5% to near 6% by early 2024, and debt servicing costs as a share of income are still increasing."
Reserve bank has no intention to move on OCR rates, as they are working towards bringing the consumer price inflation between 1% - 3% in the second half of 2024.
Some of the economists are still predicting another rise later this year on the OCR, which could be the max.
Interesting times ahead, with election and CPI update in the next three months, which will give some more clarity.
As reserve bank does their OCR review, it is worthwhile reviewing your mortgage, spending at least 5 - 10 minutes, can potentially save you some interest cost.
If you are unsure, you can engage us, we love to explore options and create an opportunity to grow your wealth.
👉 info@skfg.co.nz
👉0210749825
Your Christmas shopping just got easier
Mags4gifts.co.nz is having a Christmas sale with up to 40% off best-selling magazine subscriptions, including NZ Gardener, NZ House & Garden and TV Guide. Add a free e-card at checkout and schedule it to arrive on Christmas morning for a perfectly timed surprise! Make Christmas thoughtful this year with a gift that lasts long after the holidays are over.
Poll: Are our Kiwi summer holidays helping us recharge, or holding the economy back? ☀️🥝
There’s growing debate about whether New Zealand’s extended Christmas break (and the slowdown that comes with it) affects productivity.
Tracy Watkins has weighed in ... now it’s your turn. What’s your take? 🤔
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71.9% We work hard, we deserve a break!
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16.3% Hmm, maybe?
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11.7% Yes!
Elvis in the Park
ELVIS IN THE PARK.
ELVIS IN THE PARK.
Celebrating Elvis' 91st Birthday
Sunday 11th January 2026
Cranwell Park Henderson. (Down past the West Wave Pools)
This free family day starts at 11am and finishes at 5pm. Park at Tui Glen and walk over a bridge to Cranwell Park. So happy to say we have 6 great NZ Elvis Entertainers. We have Memories of Elvis Tee Shirts for sale, just $35 each. Please bring cash. Remember to bring your sun tan lotion, water, chairs and some cash for the Memories of Elvis Fan Club Raffle (5 Prizes) to help toward costs. There will also be a Food, Ice Cream and Coffee caravans. Plus some other shops. So put 11th January into your diary now. Please share on your facebook page. Any questions please phone Jackie 8174892 or 0274901126.
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