Big OCR cut boosts hopes for economic recovery: ‘Past the worst’
The RBNZ’s Monetary Policy Committee was cautious in highlighting that inflation risks still. It warned that annual consumers…
BNZ cuts mortgage rates to match rivals ahead of OCR announcement
ASB, ANZ and Westpac cut their two-year fixed rates to 4.65%. The five major banks, including Kiwibank, dropped…
NZX awaits Wednesday’s Official Cash Rate call – Market close
ASB predicts 50bp ASB Bank is expecting the Reserve Bank to reduce the OCR by 50 basis points…
ASB, Westpac cut fixed mortgage rate to 4.49%, latest banks to drop after ANZ, BNZ ahead of OCR
The move sees the bank’s fixed one-year rate drop by 26 basis points (bps). Westpac’s fixed six-month rate…
House prices New Zealand: Economists say Official Cash Rate cuts needed to boost market
“This also suggests that mortgage rates could have a bit further to fall yet, especially for floating or…
Mortgage rate cuts: ANZ drops fixed rate below 4.5% day after BNZ as OCR decision due next week
She said ANZ was continuing to review home loan rates in response to international and local market conditions,…
Interest rate markets raise odds of big Official Cash Rate cut in October
Before the release, BNZ was the most pessimistic of the banks with its forecast of a 0.5% decline…
Samoa general election: Final vote count completed, official results due tonight
One of those independents has appeared on Fast’s social media signalling support but, according to the Electoral Commission,…