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.
Westpac makes major commission changes
Westpac has made a series of sweeping changes to its commission structure for New Zealand mortgage advisers, including removing discretionary quarterly commission payments.
OCR words open door for cut
Subtle change of tone in this morning’s OCR announcement suggests the Reserve Bank may now be more willing to cut the OCR if need be, commentators say.
Today's OCR statement
The Official Cash Rate (OCR) will remain at 1.75% for now. "However, we are well positioned to manage change in either direction – up or down – as necessary," RBNZ governor Adrian Orr says.
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