The recent move by the Reserve Bank (RBNZ) to increase the Official Cash Rate (OCR) by 25 basis points will likely only have a relatively moderate impact on mortgage borrowers. That's because the ...

The cash rate was increased by 25 basis points on Wednesday, taking it to 2.5 percent.

Some banks are quicker to pass on official cash rate movements to borrowers and savers than others, new data from the ...

Despite the first Official Cash Rate increase in three years, ANZ NZ, ASB, BNZ and Kiwibank have left their mortgage serviceability test rates unchanged ...

How soon is the official cash rate (OCR) likely to start to increase? And will any hint of it send what banks charge higher? For many homeowners and households, that will be the main thing on their ...

Fixed mortgage rates could be heading up “pretty soon”, says a New Zealand bank boss as wholesale interest rates rise on the back of volatility in the Midd ...

RBNZ delivers expected 25 basis point rate to 2.25 percent It says patchy economic recovery justifies cut RBNZ expects inflation to ease towards 2 pct target next year Door left open for possible ...

New Zealand’s central bank cut interest rates to a three-year low and signaled further easing, saying the economy has stalled. The local dollar fell. The Reserve Bank’s Monetary Policy Committee ...

Reserve Bank of New Zealand Governor Christian Hawkesby reiterated that the bank’s central projection is for the Official Cash Rate to fall by another half-percentage point by year’s end, though the ...

The Reserve Bank of Australia (RBA) broke a two-year holding pattern by raising the official cash rate by 25 basis points to 3.85%. This decision marked the first rate hike since November 2023, ...

The Financial Markets Authority is tracking how eight of the country's largest banks respond to OCR changes. It's found all but one lifted floating mortgage rates 25 basis points after the OCR rose by ...