Results: Global Economy

Numbers 1 - 8 against a pink background
25 September 2020

Fixing one-year highly favoured

In my recent survey, 96% of Mortgage Advisors said that people are favouring the one-year term when fixing their mortgage. The rea...

Castle ruins on ocean coast
17 June 2020

A six-decade journey for NZ interest rates

About three-quarters of all residential properties in New Zealand have a mortgage over them, amounting to almost $300 billion. So,...

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

16 March 2020

Emergency OCR cut

The Reserve Bank of New Zealand (RBNZ) announced early this morning that a 0.75% cut has been enforced. This takes our already low Official Cash Rate (OCR) of 1% down to 0.25% and will likely remain this low for at least 12 months.

06 March 2020

OCR: will there be a cut in March?

When we look to the very beginning of 2020, most economists were going back on their previous words regarding the OCR dropping below the 1% mark (where it currently sits). But no one could have predicted the impact of Covid-19 to our economy.

25 September 2019

Official Cash Rate remains unchanged

The latest announcement made by the RBNZ is that the OCR will remain unchanged for the time being.

17 September 2019

Gross Domestic Product (GDP) expected to show slow growth

The figures are due to be released later this week, and most of the banks and economists have predicted for the Gross Domestic Product (GDP) to show slow growth.