Jenee Tibshraeny: NZ Herald Wellington business editor on ASB's warning for mortgage holders
ASB has warned mortgage holders to be prepared for 'any eventuality' when it comes to interest rates.
Chief executive Vittoria Shortt says borrowers shouldn't bank on one particular scenario when it comes to future rate hikes.
This follows ANZ economists issuing a 'hawkish' prediction that the OCR could go up two more times in the near future.
NZ Herald Wellington business editor Jenee Tibshraeny explains further.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.