The latest inflation rate is giving confidence to cut interest rates.
Stats NZ figures show the inflation rate for the year to December hasn't changed, sticking at 2.2%, well within the Reserve Bank's target band.
Kiwibank Chief Executive Steve Jurkovich told Ryan Bridge their two-year mortgage rate is expected to come down half a percent over the next few months.
He says it'll vary by term, but he thinks we will see rates around 5%.
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The Mike Hosking Breakfast