Cameron Bagrie: Independent Economist on ANZ raising its interest rates after forecasting earlier than expected OCR hikes

The country's largest bank is again raising interest rates, days after forecasting much earlier-than-expected OCR hikes.  ANZ is increasing most home loan rates by 10 to 20 basis points following a rise in wholesale rates.  It's now advertising a one-year home loan rate of 4.69%.  Independent economist Cameron Bagrie told Mike Hosking markets are pricing-in the change in forecasts.  He says the fixed rates are based on what's expected to happen, rather than what's happening now.  LISTEN ABOVE See omnystudio.com/listener for privacy information.