To fix or not to fix, mortgage rates in question

This week we take a look at the mortgage book across Aotearoa. In anticipation of further rate cuts from the RBNZ the book has shortened up with 81% of borrowers fixing for one year or less.It’s a gamble that’s paying off. Naturally, the question now turns to when borrowers should fix for longer. We give our two cents. The move to shorter-dated rates is also a large driver in why we expect a recovery in the second half of this year. However, the longer-term outlook for growth is inhibited by ongoing kiwi productivity woes. We dive deeper into the Kiwi productivity problem and discuss the causes and solutions to achieve a more productive economy. Hosted by Jarrod Kerr, Mary Jo Vergara and Sabrina Delgado. Follow our economic commentary & insights here: https://www.kiwibank.co.nz/business-banking/thrive-hq/kiwi-economics/commentary-insights/ Any views or information shared in this podcast, while given in good faith, aren't necessarily the view of Kiwibank.