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.
Record profit for banks, but mortgage rates could rise: KPMG
New Zealand’s banks made a bumper $5.77 billion profit last year, but could be forced to push up mortgage rates because of the Reserve Bank’s capital adequacy proposals, says KPMG.
Westpac: OCR to hold until 2022
Westpac has become the latest bank to change its OCR forecast. The lender believes there will be no movement in the official cash rate until 2022, with "risks on both sides".
OCR Preview: caution expected from the Reserve Bank
Economists do not believe the OCR will change next week, but predict the Reserve Bank will take a cautious stance on future growth, with a number of headwinds for New Zealand and the global economy.
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New Zealand
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New Zealand
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