New Zealand homeowners will find out whether mortgage rates are set to increase again today.

The Reserve Bank will update the Official Cash Rate, which has been on hold at 5.5% since May.

Inflation currently sits at 6%, with economists picking interest rates may have peaked. 

JMI Wealth's Andrew Kelleher told Mike Hosking that further hikes are possible after the election, but opinion is still divided on whether it's necessary. 

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