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.

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