This is what that means for your interest rates. New Zealand’s official cash rate (OCR) is tipped to hit its highest level since 2016, as the squeeze goes on mortgage-holders. READ MORE:* Economist says interest rate outlook has not changed despite Ukraine war* How high will interest rates go in 2022? “It’s that forward track for the OCR that really matters for term interest rates – you can even think of it being the Reserve Bank’s second policy tool.”So how much further will they go? So even if we do get that bad news, it doesn’t leave much room for term interest rates to go higher than they already are today.”What’s the best strategy?

Source: Stuff May 23, 2022 20:36 UTC