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.
OCR cut to 5%
The Reserve Bank today reduced the Official Cash Rate by 25 basis points to 5.0 per cent.
Bollard gives a bit but signals warning on house prices
Reserve Bank governor Alan Bollard chose the conservative route in cutting the official cash rate (OCR) from 5.25% to 5% today, ignoring pleas for a larger cut.
Winter finally hits housing market
Winter at last had an impact on the housing market in June, although the dampening was mild by any standard.
Rate cut picked for Thursday
Both economists and the wholesale interest rates market are convinced the Reserve Bank will cut its Official Cash Rate (OCR) again at its next review on Thursday.
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