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 leaves rates unchanged despite worsening inflation outlook
Reserve Bank governor Alan Bollard has left interest rates unchanged, saying that although the inflation outlook has worsened, it would be wrong to counter short-term pressures with monetary policy.
Rate cuts looking more distant
Nobody is expecting any change in the official cash rate (OCR) when Reserve Bank governor Alan Bollard releases his latest monetary policy statement on Thursday but most economists believe he will cut the rate at least once before year end.
Outlook for rate changes low
Weekly Home Loan report: The past week has been a relatively quiet one for rate changes in the home loan market. Also the latest figures from the Reserve Bank, released yesterday, show that the volume of lending is declining.
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