Results: OCR

Newspapers being printed on a commercial printer
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 ...

Low angle photo of high-rise buildings
30 April 2020

Economic Outlook - Negative OCR?

As the country settles into Alert Level Three, we’re starting to see signs of the beginning of our economic recovery. There have b...

Newspaper printing in commercial printer
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.

13 March 2020

More mortgage rate cuts

ASB and Sovereign have both announced their new two-year fixed interest rates of 3.39%. TSB is also offering the same interest rate, through their 'Price Match Promise'.

09 March 2020

Mortgage rate update

Despite the next OCR announcement being a couple of weeks away still, it seems that banks are already starting to lower their mortgage rates in anticipation of a cut.