We have a little trend developing that whenever we go to send out our weekly newsletter someone changes their rates. This week it is Kiwibank's turn. It has, this afternoon, switched its hero rate from the two-year term to one-year.

To see how its new rate compares with other banks click here where we have sorted rates for you from lowest to highest on the one-year fixed rate. 

Next week we have the latest OCR and Monetary Policy Statement from the Reserve Bank. All eyes will be on what the governor has to say, especially around his new tools to control the housing market. We have a couple of stories (use links below) on what lending restrictions may mean to borrowers and banks.

Also on Monday we will have our usual OCR predictions piece.