Results: New Zealand Economy

Hands cutting white paper with scissors
26 March 2020

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...

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...

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20 March 2020

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.

18 March 2020

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?

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.

13 February 2020

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%.