Results: New Zealand Economy
HSBC drops their 1-year, 18-month & 2-year rates
As we enter the first day of our four-week (at least) lockdown, HSBC has announced their new mortgage rate of 2.95% for one-year a...
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...
End of week rate roundup
Kiwibank and ANZ are the first to respond to the slashed OCR (earlier this week) which went from 1% to 0.25%. Here's the latest.
Post OCR slash: mortgage rate update
It's been two days since the emergency OCR cut, which saw our already low rate go from 1% to 0.25%. So how does this translate into mortgage rates?
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.
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.
OCR announcement: Official Cash Rate to remain at 1%
Yesterday the Reserve Bank of New Zealand announced that the Official Cash Rate (OCR) would remain unchanged at 1%.
