News
Rates change all the time. Keep up to date with the latest activity so you can manage your mortgage and pay-it-off faster.
RBNZ drops OCR to 3.00%—and it's not done yet
And just like that, we're back at 3.00%—but in a somewhat unexpected twist, the RBNZ has signaled significant OCR cuts still to co...
Banks preemptively cut one- and two-year rates ahead of OCR verdict
We're a week out from our next OCR announcement, but the banks are already making moves—with all major lenders having dropped thei...
Another 0.25% cut expected—but will the RBNZ signal more in the pipeline?
Wholesale interest rates have fallen over the last few days in response to market expectations of a 0.25% cut on 20 August—but mor...
The future of interest rates hinges on RBNZ's next forecast
It's all pretty quiet on the interest rates front, as we await our next OCR announcement on 20 August. But it's not the OCR verdict that we'll be watching—it's the RBNZ's updated forecast.
Opposing forces leave OCR outlook uncertain
On the one hand, the NZ economy still isn't in great shape. On the other, offshore uncertainty is causing concern around the future of inflation. So, what does that mean for the OCR in the coming months?
Reserve Bank hits the pause button, holding the OCR at 3.25%
The RBNZ hit pause on rate cuts on 9 July—holding the OCR steady at 3.25%—citing signs of life in the economy, and overseas factors causing concern.
To cut or hold? Predictions mixed for RBNZ’s next OCR announcement
Interest rates are in a holding pattern right now, as we wait to see what the RBNZ has in store for us on 9 July. While some are expecting another 0.25% cut, many are expecting the RBNZ to hold at 3.25%.
Keen for the best rate and some cash too?
We've teamed up with award winning mortgage experts, Squirrel.
With over 1,425 five star reviews on Shopper Approved, Squirrel has helped thousands of Kiwis just like you secure the best possible rate when refixing or refinancing. Squirrel often beats the advertised rates so it's worth getting them to review your mortgage.
Ryan
New Zealand
The service I got from Squirrel was extremely efficient. They dealt with my loan so easily and achieved a result greater than what I was expecting.
Jo
New Zealand
Highly recommend Squirrel to sort out a mortgage with the banks takes the hassle out of going to separate banks with so much information they do the hard yards for you - Baz was a superstar and helped me all the way to my new home.