Results: New Zealand Economy
The bottom of the interest rate cycle looms closer
With the best one year rate at 4.39% and longer terms below 5.00%, we're getting very close to the bottom of the interest rate cyc...
Another OCR cut expected—could it see the one-year rate dip below 4%?
The market is expecting another OCR cut in November—from 2.50% to 2.25%—and with that, there's now a distinct possibility that we ...
Rates nearing the bottom—is now the time to think about fixing longer-term?
We're either at—or very near—the bottom of the interest rate cycle. And now that we're starting to longer-term rates out there bel...
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.
Mortgage rates trucking along as is for now
It's all looking pretty quiet on the interest rates front at the moment. While shorter-term rates are expected to fall a little further, longer-term rates are a different story.
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