Results: Global Economy

Stopwatch on brown table
18 March 2021

Fixed mortgage interest rates on a timer

Wholesale interest rates in NZ fell to record low levels around October last year. Since then however, we have seen a radical shif...

Straight road lined with trees
25 February 2021

OCR remains unchanged, RBNZ to keep monetary policy steady

There's no reason for strongly believing that we face a future of sustained high inflation which will require an interest rate cru...

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...

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, what happens with interest rates can have a big impact on the willingness and ability of most Kiwis to spend and save.

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.

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.