Photo: RNZ
Is this the beginning of the end of the mortgage rate misery for both homeowners and the Government?
The Reserve Bank has bumped up the Official Cash Rate to 5.5%, up 25 basis points, but with a strong signal that it is the ceiling.
The Finance Minister will be letting out a small sigh of relief, but that has not stopped the opposition from putting in the boot.
Our deputy political editor Craig McCulloch reports.
