Results: New Zealand Economy
Wholesale rates settle—some variation between banks on longer-term fixed rates
With so much movement happening in the market, we're seeing some variation between the banks on longer-term fixed rates—so seeking...
Some fixed rates up, some down, as banks respond to wholesale rate changes
Wholesale rates have climbed significantly over the last couple of weeks, prompting some lenders to increase their longer-term fix...
Mortgage rates largely flat despite OCR fall—now's the time to fix
There's been little to no movement in fixed rates off the back of last week's OCR cut—sending a clear signal that we're at the bot...
GDP back in the red—strengthening case for October OCR cut
Every few days, it seems, we’re being hit with a fresh wave of weak economic data—with the latest being the June 2025 quarter GDP result. Here's what it means for interest rates.
RBNZ drops OCR to 3.00%—and it's not done yet
And just like that, we're back at 3.00%—but in a somewhat unexpected twist, the RBNZ has signaled significant OCR cuts still to come, getting us down to 2.50% either later in 2025 or early 2026.
Opposing forces leave OCR outlook uncertain
On the one hand, the NZ economy still isn't in great shape. On the other, offshore uncertainty is causing concern around the future of inflation. So, what does that mean for the OCR in the coming months?
Reserve Bank hits the pause button, holding the OCR at 3.25%
The RBNZ hit pause on rate cuts on 9 July—holding the OCR steady at 3.25%—citing signs of life in the economy, and overseas factors causing concern.
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