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.
Challenger buys Plan
Australia-based Challenger Financial Services Group is to buy the 85% of mortgage aggregator Plan in one of three similar purchases.
The Official Cash Rate remains unchanged at 8.25%
Reserve Bank governor Alan Bollard said: "The outlook for economic activity and inflation has become more uncertain since we reviewed the OCR in July.
Bollard leave rates unchanged citing uncertainty
Reserve Bank governor Alan Bollard left interest rates unchanged, saying that the outlook for economic activity and inflation has become more uncertain since the last rate review in July.
Central bank unlikely to raise rates this week
Global concerns about credit quality and the rising number of finance company collapses locally mean that Reserve Bank governor Alan Bollard is likely to hold rates steady on Thursday, despite signs that inflation still isn't under control.
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