Results: New Zealand Economy
What the RBNZ’s planned OCR track means for mortgage rates
With a series of small but steady OCR cuts expected over the coming months, here's how that's likely to impact short- and longer-t...
Rates still dropping, but some terms don't have much further to go
Now that the two-year rate is sitting below 5%—with most banks offering 4.99%—that's pretty close to where things are expected to ...
Borrowers favouring two-year term in wake of latest rate cuts
With most lenders now offering two-year fixed rates of 4.99%, borrowers have been flocking to the two-year term in droves. Does it...
Is interest rate relief on the horizon?
According to bank economists, rate falls are now pretty much a given by November—but ahead of our next OCR announcement, on 14th August, there's a growing argument it could happen even sooner.
Inflation tracking as hoped, market still anticipating OCR fall in November
Weak economic data continues to pour in, and with the latest inflation figures coming in lower than expected, it looks increasingly like interest rate falls are on the cards for late 2024
Market changes its tune on future of interest rates amid weak economic data
The numbers all point to recession, and now the market is increasingly expecting rate falls by the end of the year. So, what will the RBNZ do at next week's OCR announcement?
Pressure ramping up for RBNZ to start dropping interest rates
Consumer and business confidence have both fallen in the last month, taking us to near-historic lows. But more weak economic data means the case is growing for a drop in interest rates.
Keen for the best rate and some cash too?
We've teamed up with award winning mortgage experts, Squirrel.
With over 1,425 five star reviews on Shopper Approved, Squirrel has helped thousands of Kiwis just like you secure the best possible rate when refixing or refinancing. Squirrel often beats the advertised rates so it's worth getting them to review your mortgage.
Ryan
New Zealand
The service I got from Squirrel was extremely efficient. They dealt with my loan so easily and achieved a result greater than what I was expecting.
Jo
New Zealand
Highly recommend Squirrel to sort out a mortgage with the banks takes the hassle out of going to separate banks with so much information they do the hard yards for you - Baz was a superstar and helped me all the way to my new home.