Results: OCR
Tony Alexander: 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 inter...
Tony Alexander: 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 havi...
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 ...
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 been many discussions around the OCR going negative, and it seems like it could be a very real possibility.
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.
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?
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.
