Steve Jurkovich: Kiwibank CEO on what the inflation rate could mean for interest rates
The latest inflation rate is giving confidence to cut interest rates.
Stats NZ figures show the inflation rate for the year to December hasn't changed, sticking at 2.2%, well within the Reserve Bank's target band.
Kiwibank Chief Executive Steve Jurkovich told Ryan Bridge their two-year mortgage rate is expected to come down half a percent over the next few months.
He says it'll vary by term, but he thinks we will see rates around 5%.
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