Will Interest Rates Go Down In 2024 Nz

Will Interest Rates Go Down In 2024 Nz. Anz bank has changed its official cash rate forecast, predicting the first cut to land in february, rather than may 2025. Average mortgage costs for kiwis are likely to keep rising and approach 5.5% by the start of 2024, asb economists say.

But when it does happen, sooner or later, that will be the catalyst that sets home loan interest rates tumbling down again. By june 2023 it was 6.88%.