{"id":647145,"date":"2026-10-31T18:58:26","date_gmt":"2026-10-31T18:58:26","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/647145\/"},"modified":"2026-10-31T18:58:26","modified_gmt":"2026-10-31T18:58:26","slug":"westpac-cuts-18-month-home-loan-rate-after-reserve-bank-holds-ocr-at-2-75","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/647145\/","title":{"rendered":"Westpac cuts 18-month home loan rate after Reserve Bank holds OCR at 2.75%"},"content":{"rendered":"

\u201cOur data suggests most home owners are coping well with higher rates, but anyone who\u2019s worried about making ends meet should get in touch so we can work together on a plan.\u201d<\/p>\n

ANZ, ASB and BNZ\u2019s special 18-month home loan rates are all set at 5.29%, according to interest.co.nz.<\/p>\n

\"WestpacWestpac also has the lowest two-year home loan rate. Photo \/ Depositphotos<\/p>\n

Kiwibank doesn\u2019t offer an 18-month rate.<\/p>\n

The lowest one-year fixed term rates are ANZ and ASB\u2019s 4.99% offers, followed by Kiwibank\u2019s 5.15%. BNZ and Westpac are on 5.19%.<\/p>\n

Westpac has the lowest two-year rate at 5.29%, with ANZ, ASB and BNZ at 5.35% and Kiwibank at 5.39%, according to interest.co.nz. <\/p>\n

\u2018Flabbergasted\u2019<\/p>\n

The Reserve Bank\u2019s surprise decision<\/a> on Wednesday prompted pushback from stunned economists, who warned of inflation risks.<\/p>\n

They were \u201cfrankly flabbergasted\u201d by the decision to leave interest rates on hold, BNZ head of research Stephen Toplis said.<\/p>\n

\u201cWhile central banks are not obliged to follow market pricing and\/or the consensus, it is rare that they move diametrically against them.\u201d<\/p>\n

\u201cIn doing so, the RBNZ has added to inflationary pressure instantaneously by encouraging an already soft New Zealand dollar to fall further.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cOur data suggests most home owners are coping well with higher rates, but anyone who\u2019s worried about making…\n","protected":false},"author":2,"featured_media":647146,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[67550,227969,74,1975,1643,138,10666,18692,22772,1345,18060,661,317129,111,139,69,10667,19257,7676,10665,17239],"class_list":["post-647145","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-18month","tag-227969","tag-after","tag-at","tag-bank","tag-business","tag-cuts","tag-cutting","tag-holds","tag-home","tag-loan","tag-major","tag-mediumterm","tag-new-zealand","tag-newzealand","tag-nz","tag-ocr","tag-rate","tag-rates","tag-reserve","tag-westpac"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/647145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=647145"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/647145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/647146"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=647145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=647145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=647145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}