News
Rates change all the time. Keep up to date with the latest activity so you can manage your mortgage and pay-it-off faster.
Bollard disappoints some with 50 point OCR cut
Reserve Bank governor disappointed those hoping for a bigger interest rate cut but still cut his official cash rate (OCR) to an historic low citing the very rapidly deteriorating world economy and extreme volatility in international financial markets.
OCR reduced to 3%
The Reserve Bank today reduced the official cash rate (OCR) by 50 basis points to 3%.
ANZ's new mortgage lending all but dried up in Dec qtr
ANZ National Bank appears to have all but closed up shop on the mortgage lending front.
Bollard to cut rates again
Reserve Bank governor Alan Bollard will likely cut interest rates again on Thursday amid the intensifying global recession with the only debate being by how much.
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