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 unchanged at 2.50%
Reserve Bank Governor Alan Bollard held the official cash rate at 2.5% as expected and said while economic activity showing signs of stabilising, the high New Zealand dollar was helping to keep the economy "weak." The kiwi tumbled after his statement.
Bollard keeps OCR steady but flags further cuts
Reserve Bank governor Alan Bollard left rates unchanged as expected but surprised many in the market by explicitly leaving the door open to further rate cuts if the New Zealand dollar remains strong.
Home loan rates falling, even with rises
Economists are forecasting that home loan rates will start rising early next year, but overall rates borrowers pay are still falling.
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New Zealand
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New Zealand
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