New Zealand's official cash rate has stayed in place at 5.5 for the last four months- yet several banks have hiked their mortgage rates.

Anyone who has re-fixed a mortgage in the past few months has felt the sting of increased rates ticking upwards.

NZ Herald business editor at large Liam Dann says these hikes are proof New Zealand is at the mercy of international market forces, namely the US and China.

LISTEN ABOVE

New Zealand's official cash rate has stayed in place at 5.5 for the last four months- yet several banks have hiked their mortgage rates.
Anyone who has re-fixed a mortgage in the past few months has felt the sting of increased rates ticking upwards.
NZ Herald business editor at large Liam Dann says these hikes are proof New Zealand is at the mercy of international market forces, namely the US and China.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.