Leave your feedback Share Copy URL https://mypepack.gophersport.com/video/?vid=EbfkrOhxuNe Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Why mortgage rates don’t follow the OCR | The Prosperity Project [cf3tZdb1FPb] Health Updated on August 07, 2026 EDT — Published on August 07, 2026 EDT The OCR has risen, but does that automatically mean your mortgage rate will rise with it? Economist and commentator Bernard Hickey explains what really drives fixed mortgage rates, why New Zealand’s banks remain exceptionally profitable, and whether the Reserve Bank has moved too soon while the economy remains weak. He also decodes the jargon surrounding monetary policy — including hawks, doves, neutral rates, LVRs and DTIs — and considers whether New Zealand can build a functioning economy without relying on house prices to keep climbing. Check out our playlists: NZ Herald Facebook: NZ Herald Instagram: NZ Herald Twitter: Q39H65RaPen hOJZ1DtXfrW oSby8o6gOrQ Po2sJTUa2V5
The OCR has risen, but does that automatically mean your mortgage rate will rise with it? Economist and commentator Bernard Hickey explains what really drives fixed mortgage rates, why New Zealand’s banks remain exceptionally profitable, and whether the Reserve Bank has moved too soon while the economy remains weak. He also decodes the jargon surrounding monetary policy — including hawks, doves, neutral rates, LVRs and DTIs — and considers whether New Zealand can build a functioning economy without relying on house prices to keep climbing. Check out our playlists: NZ Herald Facebook: NZ Herald Instagram: NZ Herald Twitter: Q39H65RaPen hOJZ1DtXfrW oSby8o6gOrQ Po2sJTUa2V5