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.
Bollard raises rates but suggests he may be done
Warning of sustained inflationary pressures, Reserve Bank governor Alan Bollard has raised interest rates, in line with most economists' expectations but in defiance of political pressure amid concerns about the impact of the soaring New Zealand ...
Reserve Bank raises official cash rate (OCR) to 8.25%
Reserve Bank Governor Alan Bollard said: "The New Zealand economy is running strong. We are recording continued big increases in international commodity prices, especially dairy, reflecting solid world demand for our products.
Bollard likely to raise rates despite political pressure
The odds are that Reserve Bank governor Alan Bollard will raise interest rates this week, despite the highly politicised debate over the relentless rise of the New Zealand dollar.
Three big banks to cut commissions
Mortgage brokers are facing cuts of up to 30% in commission paid by some banks from October. The cuts are expected to result in widespread changes in the industry, encouraging diversification and mergers between groups.
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