Official interest rates and mortgage rates compared worldwide

We look at how official interest rates and mortgage rates compare in NZ and worldwide.

An economist says floating mortgage rates are out of line with the Official Cash Rate (OCR) and could be further reduced.

His comments come after a Reserve Bank analysis of interest rate margins released on Monday concluded that floating rates seemed to be "unusually" high.

An informal analysis of international rates by nzherald.co.nz shows New Zealand may be no different from much of the world.

To read the full NZ Herald article click here

Posted: 8 Jul 2009

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