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Rates change all the time. Keep up to date with the latest activity so you can manage your mortgage and pay-it-off faster.

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22 November 2021

Fixed rate hikes reflect market expectations

Mortgage interest rates have now risen by between 1.3% and 1.8% from where they were less than six months ago as banks have reacte...

Two men walking around factory
04 November 2021

High inflation and low unemployment, mean high interest rates

The Reserve Bank has so far raised its official cash rate by a small 0.25% yet bank fixed mortgage rates across the 1–5-year terms...

Bird soaring in the sky
22 October 2021

Soaring inflation raises mortgage rate risks

For quite a few months now my central theme with regard to interest rates has been fairly clear. Inflation risks are rising, the R...

08 October 2021

Interest rates on an upward march

The long-awaited monetary policy tightening cycle has now kicked off in New Zealand as the need for record low interest rates to combat feared effects of Covid-19 has disappeared, and the need to fight rising inflation has soared.

Stairs with white picket fences
27 September 2021

Rising inflation risks

The Reserve Bank delivered some good and bad news for borrowers last week. In the wake of the latest lockdown, interest rates will only rise slowly. The bad news is last time they raised them slowly, they peaked higher than if they had moved quickly.

Potato and money balancing on calculator
10 September 2021

Strong growth is a key factor driving higher interest rates

The bounceback in economic activity in New Zealand since the first nationwide lockdown last year has been so strong that the unemployment rate has fallen back to the 4% level it was at when we entered that March – May lockdown.

Seedlings growing in soil
26 August 2021

Rate rises delayed but with upside risk

Borrowers could reasonably expect higher rates at their peaks, but not necessarily a faster speed of increase. Our central bank has an established long-term record of too often tightening monetary policy too slowly.

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