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.
Monetary policy tightening may finally have peaked
The Reserve Bank conducted their regular review of New Zealand’s official cash rate this week and rather than increase it by the widely expected 0.25% they took it up by 0.5%.
The sting from inflation and monetary policy continues
There remains massive uncertainty regarding where inflation is headed in this unique post-pandemic environment. So when will it really end?
Has monetary policy actually tightened?
The only reason the Reserve Bank increases its cash rate is in order to place upward pressure on bank lending rates. So why have the banks this time not increased their floating mortgage rates when the cost of them borrowing to lend floating has gone up?
OCR continues to rise despite recent weather events
Following the recent flooding some people were of the opinion that recession would be guaranteed, and the need existed to at least stop raising interest rates if not cut them. However the OCR continues to rise, despite pleas from the public.
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New Zealand
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