Santa Brought A Rate Rise And A Headache
A rate cut on paper and a rate rise at the bank counter—no wonder everyone feels blindsided. We open the hood on how mortgage pricing really works, why wholesale swap rates can overpower the OCR, and what last round’s Reserve Bank messaging might have signalled to lenders. The story isn’t just policy; it’s the cost of money in global markets, risk margins, and the speed at which banks move when funding curves jump.
We share what we’re hearing from clients across recruitment and services: budgets are stretched, hiring is cautious, and any “recovery” feels thin. That lived reality clashes with…
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