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Results: Bank Policy

Seedlings growing in soil
10 September 2021

Strong growth is a key factor driving higher interest rates

The bounceback in economic activity in New Zealand since the first nationwide lockdown last year has been so strong that the unemp...

"Expect delays" traffic sign
26 August 2021

Rate rises delayed but with upside risk

Borrowers could reasonably expect higher rates at their peaks, but not necessarily a faster speed of increase. Our central bank ha...

Piggy bank with coins on table
13 August 2021

Mortgage rates are going up

On Wednesday 18 August the Reserve Bank will review the record low 0.25% official cash rate set in place back in March 2020 when w...

20 July 2020

Rate cuts are likely to be short term only

Margins are below average for terms of three years and longer. This tell us that unless there's a change in borrowing costs, anyone holding out for further falls in rates is taking quite a gamble.

Hand holding small globe, in front of mountain landscape
01 May 2020

Breaking: Loan-to-value (LVR) rules are removed by the RBNZ

The Reserve Bank of New Zealand (RBNZ) announced yesterday that the loan-to-value ratio (LVR) restrictions that they put in place back in 2013 will be removed from 1 May for 12 months. So what does this mean?

Banker in corporate attire, pointing finger
20 April 2020

Does a mortgage holiday affect your credit score?

During the lockdown, many New Zealanders financially affected by Covid-19 have been taking up the banks' offers of going on a mortgage holiday (also referred to as a repayment deferral).

Coins in a vice, sitting on a calculator
23 March 2020

Managing your mortgage through the COVID-19 crisis

Squirrel's CEO John Bolton shared some practical advice for homeowners, and how to keep up with mortgage repayments when hit by financial hardship, in a time like this.

Chess board, with man's face blurred in the background