The era of ultra-cheap money looks to be coming to an end after yesterday's Reserve Bank monetary statement. It held the cash rate at 0.25 per cent but halted the bond buying programme, which has cleared the way for a rise starting next month and another in November. Kiwibank chief economist Jarrod Kerr said just about everyone will be affected to some degree.According to Kerr, there could be at least three interest rate rises from the central bank within a year. "What they've said is that they want to remove some of the policy stimulus out there and that's their way of saying we're going to stop buying bonds, we're ... (full story)