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OCR held again - here's what RBNZ had to say

Thursday, June 22nd, 9:00AM

The Reserve Bank today left the Official Cash Rate unchanged while saying major challenges remain.

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75%. Global economic growth has increased and become more broad-based. However, major challenges remain with on-going surplus capacity and extensive political uncertainty. Headline inflation has increased over the past year in several countries, but moderated recently with the fall in energy prices.  Core inflation and long-term bond yields remain low

Surprise at RBNZ’s OCR outlook

Thursday, May 11th, 10:26AM

The Reserve Bank’s decision to hold the OCR at 1.75% was expected, but economists are surprised at its projection the OCR will remain on hold until late 2019.

No change to OCR: What RB said today

Thursday, May 11th, 9:00AM

Previous Mortgage News

Focus on tone, not content, of OCR call this week

Monday, May 8th, 6:00AM  1 comment

An official cash rate cut this week would come as a major surprise to all economists.

ANZ half-year profit jumps

Tuesday, May 2nd, 11:10AM  1 comment

ANZ's operations in New Zealand have reported a 24 per cent increase in profit in the first half of the financial year, to $928 million.

Local flavour makes for bank winners

Monday, April 24th, 10:23AM

It seems that locally owned banks rule the roost when it comes to customer satisfaction, with three New Zealand banks taking out the top awards in Consumer NZ’s latest awards.

Broker concerns referred to FMA

Wednesday, April 12th, 11:13AM

Concerns over the activities of brokers at Brilliant Finance Ltd have led Mortgage Express to cut their ties with them and go to the Financial Markets Authority (FMA).

Lending growth will slow – S&P

Thursday, April 6th, 12:43PM

Recent increases in mortgage rates are set to continue, but this will help ease the risks house price inflation poses to New Zealand banks, Standard & Poors says.

Risk based pricing for Co-op Bank personal loans

Friday, March 31st, 9:00AM

Personalised rates based on credit scores will now be available for personal loans at the Co-operative Bank which has adopted a risk-based approach to applications.

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.

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