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• ASB latest to cut fixed home loan rates

  Created: Tuesday, 01 November 2011 11:08

  ASB Bank announced today it is cutting interest rates across its fixed home loan portfolio, becoming the latest bank to do so in recent months as the worsening global economic outlook dims prospects of a local interest rate hike. The announcement, which ...

• Comparing Rate Cuts....

  Created: Monday, 31 October 2011 09:52

  Westpac and Kiwibank have moved quickly after last week's official cash rate announcement and lowered all their fixed rates. Here we compare the changes to see which one has gone the lowest. Monday, October 31st 2011, 9:11AM Westpac has taken on Kiwiban...

• Bollard Spooks Markets

  Created: Thursday, 27 October 2011 13:48

  Reserve Bank governor Alan Bollard spooked financial markets slightly into thinking he may raise interest rates sooner than they had anticipated although, as expected, he's left rates unchanged for now. by Jenny Ruth Bollard left his official cash rate ...

• OCR unchanged at 2.5 percent

  Created: Thursday, 27 October 2011 08:07

  Date 27 October 2011 The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. Reserve Bank Governor Alan Bollard said: “Domestic activity has continued to expand at only a modest pace despite relatively strong commodity price...

• Interest rates expected to stay on hold

  Created: Tuesday, 25 October 2011 08:27

  New Zealand's annual inflation probably slowed from a 21-year high in the third quarter, meeting Reserve Bank Governor Alan Bollard's estimate and giving him no reason to change his stance on keeping interest rates at a record low. The consumer price ind...

• OCR looks set to stay put

  Created: Tuesday, 25 October 2011 08:18

  The Reserve Bank is expected to ignore inflationary pressures and leave interest rates on hold this week, as markets fret over the risk of a new financial crisis. Although European leaders claim that progress is being made towards a solution to their deb...

• With fears of a second major financial crisis remaining 'unacceptably high', ASB economists see OCR on hold at 2.5% next Thursday

  Created: Friday, 21 October 2011 12:21

  Posted in News  October 20, 2011 - 11:39am, Gareth Vaughan   The Reserve Bank is likely to leave the official Cash Rate (OCR) unchanged at 2.5% at its review next Thursday, ASB's economists say, with uncertainty surrounding the global econo...

• Rating downgrades could keep OCR on hold for longer

  Created: Monday, 03 October 2011 13:00

  Higher borrowing costs could lead to higher mortgage rates. Earlier today, Fitch lowered its sovereign rating of New Zealand to "AA" from "AA+" citing concerns about New Zealand's high level of external debt. Fitch's move was then mirrored by Standard &...