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Results: OCR

Two hands exchanging playing cards
05 May 2022

Borrowing costs to banks unusually high at the moment

One of the more interesting things in the wholesale money markets at the moment is that swap rates have risen so far they imply an...

Hand in glove squeezing lemon
26 April 2022

Monetary policy to tighten before it loosens again

the fixed rate costs to banks of borrowing money to lend at fixed interest rates have soared in recent weeks. That is why we are s...

Silhouette of person climbing mountain
11 April 2022

Mortgage rates still yet to peak

An analyst was quoted recently saying she believes fixed mortgage rates are already at their peaks. I can see where she's coming f...

13 January 2022

Interest rate rises to continue this year

Welcome to my first fortnightly column on mortgage rate levels and prospects in New Zealand. At the start of 2022 we can see that all fixed interest rates have in fact risen quite firmly.

Dog looking up
03 December 2021

Monetary policy tightening already in place

Over nearly 3 years the OCR increased from 5.0% to 7.25%. But the 3-year fixed mortgage rate barely increased. Contrast that with the current situation of this rate rising 1.8% the past six months while the Reserve Bank’s cash rate has gone up only 0.5%.

Hands squeezing grapefruit
22 November 2021

Fixed rate hikes reflect market expectations

Mortgage interest rates have now risen by between 1.3% and 1.8% from where they were less than six months ago as banks have reacted to sharp increases in their cost of funds.

Street with lit up signs
08 October 2021

Interest rates on an upward march

The long-awaited monetary policy tightening cycle has now kicked off in New Zealand as the need for record low interest rates to combat feared effects of Covid-19 has disappeared, and the need to fight rising inflation has soared.

Stairs with white picket fences