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OCR left on hold: Here's why

Thursday, March 23rd, 9:00AM  Add your comment

The Reserve Bank has left the OCR unchanged. Here is what governor Graeme Wheeler said. [READ ON]

Reaction: OCR - 'Nothing to see here'

Thursday, March 23rd, 10:20AM

Interest rates look set to remain low for some time following a Reserve Bank OCR announcement this morning which was as expected and determinedly neutral, according to economists.

What the RB governor said

Thursday, March 23rd, 9:00AM

Changes from last:

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Mortgage Lender Floating 6 mth 1 year 18 mth 2 years 3 years 4 years 5 years RC
ANZ 5.79 4.99 4.89 5.05 5.29 5.49 5.70 5.85 5.90
ANZ Special - - ▲4.49 - 4.79 - - - -
ASB Bank 5.80 5.35 4.99 5.05 5.19 5.49 5.89 6.09 5.55
ASB Bank Special - 4.95 4.59 4.75 4.79 5.09 5.49 5.69 -
BankDirect 5.80 5.35 4.99 5.15 5.19 5.49 - 6.09 5.55
BankDirect Special - 4.95 4.59 4.75 4.79 5.09 - 5.69 -
BNZ - Mortgage One 6.50 - - - - - - - 7.15
BNZ - Rapid Repay 5.95 - - - - - - - 6.74
BNZ - Special - - 4.59 - 4.79 5.09 - - -
BNZ - Std, FlyBuys 5.90 5.35 4.99 5.05 5.19 5.49 5.89 6.09 -
BNZ - TotalMoney 5.90 - - - - - - - -
Credit Union Auckland 6.70 - - - - - - - -
Credit Union Baywide 5.95 5.55 4.99 5.25 5.25 - - - -
Credit Union North 6.45 - - - - - - - -
Credit Union South 6.45 - - - - - - - -
Finance Direct - - - - - - - - -
First Credit Union 5.85 - - - - - - - -
Heartland 6.70 6.90 7.00 - 7.25 7.85 - 8.55 6.70
Heretaunga Building Society 5.60 - 4.85 - 5.10 - - - -
Housing NZ Corp 5.65 - ▲4.89 - 5.19 5.49 - 5.85 -
HSBC Premier 5.59 4.85 4.19 4.29 4.39 4.89 5.29 5.59 5.89
HSBC Premier LVR > 80% - - - - - - - - -
HSBC Special - - - 3.99 - - - - -
ICBC 5.70 4.99 4.59 5.00 4.69 5.09 5.30 5.85 5.70
5.55 4.99 4.99 - 5.19 5.65 5.75 5.99 5.60
Mortgage Lender Floating 6 mth 1 year 18 mth 2 years 3 years 4 years 5 years RC
Kiwibank - Capped - - - - - - - - -
Kiwibank - Offset 5.55 - - - - - - - -
Kiwibank Special - - 4.59 - 4.79 5.25 - - -
Liberty 5.69 - - - - - - - -
Napier Building Society - - - - - - - - -
Nelson Building Society 6.10 - 5.10 - 5.45 - - - -
NZ Home Loans 5.80 4.99 4.99 - 5.19 5.49 5.75 5.99 -
NZ Home Loans - Specials - - - - - - - - -
NZ Home Loans - Specials - - 4.59 - 4.79 5.09 5.49 5.69 -
Resimac 5.30 - 4.86 - 4.94 5.30 5.50 5.67 -
SBS Bank 5.65 5.25 4.99 5.05 5.19 5.49 5.89 6.09 5.65
SBS Bank Special - 4.99 ▲4.59 ▲4.85 ▲4.79 5.25 5.65 5.85 -
Sovereign 5.90 5.35 4.99 5.15 5.19 5.49 5.89 6.09 6.35
Sovereign Special - 4.95 4.59 4.75 4.79 5.09 5.49 5.69 -
The Co-operative Bank - Owner Occ 5.65 4.80 4.59 4.75 4.85 5.25 5.65 5.85 5.65
The Co-operative Bank - Standard 5.65 5.30 5.09 5.25 5.35 5.75 6.15 6.35 5.65
TSB Bank 5.65 4.99 4.80 4.99 5.15 5.45 5.75 5.99 5.65
TSB Special - 4.85 4.55 4.75 4.75 5.15 5.65 5.79 -
Wairarapa Building Society 5.70 - 4.85 - 4.99 - - - -
Westpac 5.75 5.25 4.99 5.05 5.19 5.49 5.69 5.89 5.75
Westpac - Capped rates - - 5.15 - 5.25 - - - -
Westpac - Offset 5.75 - - - - - - - -
Westpac Special - - 4.59 - 4.79 5.09 - 5.49 -
Median 5.79 4.99 4.86 5.00 5.12 5.38 5.69 5.85 5.70

Last updated: 21 March 2017 8:41am

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