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Thursday, February 2nd, 9:33PM
Kiwibank has joined with most of the other banks and cut some of its fixed rate home loan rates, with decreases in its longer term loans.
It is dropping its two, three and five year advertised home loan rates by between 10 and 29.
Kiwibank has also ended the "limited time special" four-year rate of 5.99% and increased it 51 basis points to 6.50%.
In the past two weeks there have been reductions in fixed term home loan rates. ANZ and National started things off but they have been followed by ASB, SBS, TSB, The Co-operative Bank and Westpac...MORE»
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Tuesday, January 31st, 9:06PM
The impending departure of Reserve Bank governor Alan Bollard has got people thinking about changing the way monetary policy is set - and there are plenty of views on what to do. Jenny Ruth looks at the issue.
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Monday, January 30th, 8:34AM
Reserve Bank Governor Alan Bollard today announced he will not be seeking another term as governor when his current term ends on September 25.
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Previous Mortgage News
Thursday, January 26th, 11:29PM
ASB, Bank Direct and Sovereign have cut their one to five year fixed rate home loan by between 10 and 20 basis points.
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Thursday, January 26th, 11:23AM
Reserve Bank governor Alan Bollard's well-anticipated decision to hold rates steady was over-shadowed by the US Federal Reserve's statement it intends to keep interest rates at historic lows into 2015, much longer than previously indicated.
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Thursday, January 26th, 9:02AM
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Thursday, January 12th, 7:21PM
Kiwibank has started the year by dropping its four year fixed home loan rate 80 basis points taking it to 5.99%.
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Thursday, December 15th, 6:29AM
Westpac and Bank of New Zealand produced buoyant profits and strong mortgage book growth in the September quarter.
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Thursday, December 8th, 10:13AM
Retail mortgage and deposit rates are unlikely to change much before the second half of next year at the earliest.
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Thursday, December 8th, 9:06AM
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.50% and given no indication of future movements.
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Future interest rate hikes softened

The Reserve Bank has kept the OCR at 2.50% as expected, but had lowered its forecast track for the 90 day bill rate by around 60 basis points (0.6%) to a peak of 4.30% by the end of next year.
For borrowers that means floating home loans are not forecast to rise as much as previously forecast. In June the expectation was that the rates would rise 2% in the next 12 months: that figure has now been wound back to 1.4%.
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