Mortgage rates falling as economy slows

*Watch the full interview in the video player above*

Kiwibank chief economist Jarrod Kerr explains why homeowners with mortgages can look forward to lower interest rates as the Reserve Bank recognises that New Zealand’s economy is slowing.

Kerr says he expects the RBNZ will not only cut interest rates in May, but is likely to make a second cut before the end of the year.

The lower official cash rate will help exporters as the Kiwi dollar falls, but savers with money in bank deposits will suffer, according to Kerr. 

Kiwibank is a founding sponsor of

We value fearless, independent journalism. We hope you do too.

Newsroom has repeatedly broken big, important national news stories and established a platform for quality journalism on issues ranging from climate change, sexual harassment and bullying through to science, foreign affairs, women’s sports and politics.

But we need your support to continue, whether it is great, small, ongoing or a one-off donation. If you believe in high quality journalism being available for all please click to become a Newsroom supporter.

Become a Supporter


Newsroom does not allow comments directly on this website. We invite all readers who wish to discuss a story or leave a comment to visit us on Twitter or Facebook. We also welcome your news tips and feedback via email: Thank you.

With thanks to our partners