Results: OCR

Christmas tree and wreath in a living room
17 December 2020

Record low rates will one day end

Let’s have a look back at the year and what has happened in the area of interest rates, and where things are likely to go.

Calculator and pen sitting on printed graph
09 September 2020

Structural falls in interest rates are almost over

You might think that as an economist I tell people what I think is going to happen. There are certainly elements of that, and gene...

View from underwater of the sky
27 August 2020

What happens with negative interest rates?

Two weeks ago, the Reserve Bank made a point of noting that they are actively examining how a negative interest rates policy might...

26 August 2020

Is New Zealand's OCR heading below zero?

In recent months there’s been a good deal of speculation that New Zealand's Office Cash Rate (OCR) might drop below zero next year. It's already sitting at 0.25% and it’s expected to move downwards to stimulate activity in the economy.

30 July 2020

Printing money and negative interest rates

A few people in recent months have been asking whether the printing of money will propel higher inflation which will lead to interest rates also surging higher. Answering their queries is actually quite easy.

03 July 2020

Banks yet to come to the party

The RBNZ recently removed loan-to-value ratio rules, but banks are yet to pass this on to home buyers. In fact, borrowers are having to jump through more hoops than usual.

08 May 2020

Big banks join the rate war, dropping below 3%

As expected, the big banks are starting to drop their rates further to reach below 3%, and today ASB announced its two-year fixed rate of 2.99% while Kiwibank introduced a one-year fixed rate of 2.99%.