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.
PRESS RELEASE: RBNZ raises OCR to 3%
The Reserve Bank today increased the Official Cash Rate (OCR) by 25 basis points to 3%.
Floating rates to rise but not as fast or far as expected
While floating rate mortgages will rise again thanks to Reserve Bank governor Alan Bollard, the good news is they probably won't rise as much or as fast as previously expected.
Bollard lifts OCR, predicts more moderate pace of increases
Reserve Bank Governor Alan Bollard raised the Official Cash Rate (OCR) a quarter point to 3% as expected, while predicting a less aggressive path for further increases, given subdued domestic demand and a fragile global economy.
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