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.
The Official Cash Rate remains unchanged at 8.25%
Reserve Bank governor Alan Bollard said: "The outlook for economic activity and inflation has become more uncertain since we reviewed the OCR in July.
Central bank unlikely to raise rates this week
Global concerns about credit quality and the rising number of finance company collapses locally mean that Reserve Bank governor Alan Bollard is likely to hold rates steady on Thursday, despite signs that inflation still isn't under control.
Kiwibank profit growth slows but mortgage market share rises
The government-owned Kiwibank's profit growth slowed in the June quarter although its share of the mortgage market continued to grow strongly.
Three banks increase mortgage stakes
Westpac continued to increase its share of the mortgage market and its profitability rose 15% in the June quarter.
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