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.
FULL SPEECH: OCR remains unchanged at 2.5%
Reserve Bank Governor Alan Bollard said: "The New Zealand economy continues to recover but there remains considerable uncertainty about the durability of the expansion.
BNZ barely profitable in Sept qtr; mortgage book grows sluggishly
National Australia Bank-owned Bank of New Zealand was barely profitable in the September quarter, partly reflecting increased charges for bad loans, and its mortgage book grew sluggishly.
OCR unchanged, pick-up in economy may drive early rate hike
Reserve Bank Governor Alan Bollard kept the official cash rate unchanged at a record low 2.5%, as expected, and brought forward the likely timing of interest rate increases, forecasting a faster pace of economic recovery.
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