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Wednesday, July 08th 2026
OCR increase labelled a reduction in monetary stimulus
The Reserve Bank raised its official cash rate (OCR) to 2.5% from 2.25%, couching the move as “a reduction in monetary stimulus.”
News > News
Wednesday, July 08th 2026
The Reserve Bank raised its official cash rate (OCR) to 2.5% from 2.25%, couching the move as “a reduction in monetary stimulus.”
Wednesday, July 08th 2026
The Reserve Bank has increased the OCR. Here's what it said.
Monday, July 06th 2026
The amount households have to spend on interest payments has fallen for a fifth consecutive quarter, despite rising living costs.
Friday, July 03rd 2026
Keeping the cash rate at 2.25% will be an easy decision for the RBNZ at its OCR meeting next week, Kelly Eckhold, Westpac chief economist says.
Thursday, July 02nd 2026
The FMA has taken over from the Commerce Commission as regulator of the Credit Contracts and Consumer Finance Act (CCCFA).
Tuesday, June 30th 2026
The Financial Markets Authority (FMA) is going after advisers and FAPs who flout its rules and pose significant risks for borrowers.
Monday, June 29th 2026
Does the recent fall in oil prices mean that OCR hikes can now be called off?
Friday, June 26th 2026
Saturday, June 20th 2026
Mortgage advisers looking for another stream of income as trail commission becomes harder to find are looking at their options in KiwiSaver, one provider says.
Wednesday, June 17th 2026
Technology is going to be the key for the proposed TSB Heartland Bank to become a major challenger of scale with a regional focus.
Friday, June 12th 2026
ANZ NZ CEO Antonia Watson to retire; Ben Kelleher to take over.
Thursday, June 11th 2026
Despite a subdued residential housing market, Pallas Capital has lent $1.29 billion in investment and construction loans as enquiry rises.
Monday, June 08th 2026
Adviser training boss takes the helm of Link Financial Group (LFG).
Monday, June 08th 2026
The latest Reserve Bank figures show new mortgage lending dropped to $8.3 billion in April from $8.7 billion in March, but up 3.5% from $8 billion in the same month last year.
Friday, June 05th 2026
Kiwibank appeared to take its foot off the accelerator on mortgage lending in the March quarter after a string of quarters of lending above its market share which reached almost 8% at March 31.
Thursday, June 04th 2026
More than 18,000 borrowers have mortgages of more than $2 million, a number that has grown rapidly – up from 5,000 in 2017, 6,000 in 2019 and 13,000 in 2022.
Wednesday, June 03rd 2026
The demise of the Finance and Mortgage Advisers Association of New Zealand (FAMNZ) is no surprise to Hamish Patel, Financial Advice New Zealand (FANZ) mortgage and lending director.
Wednesday, June 03rd 2026
A raft of mortgage fraud charges against six people have been filed by the FMA in the Manukau District Court.
Tuesday, June 02nd 2026
If all goes to plan, Heartland Group’s purchase of TSB Bank will result in home loans becoming 44% of the combined group’s $15.1 billion of gross receivables and 54% of the New Zealand bank’s gross receivables, according to the proforma inflation Heartland has provided.
Tuesday, June 02nd 2026
Heartland Group is taking over TSB paying the Taranaki-based bank $620 million in cash, shares and a $264 million two-year vendor loan.
Monday, June 01st 2026
Two years after launching the Finance and Mortgage Advisers Association of New Zealand (FAMNZ) is shutting up shop.
| Unity First Home Buyer special | 4.09 |
| SBS FirstHome Combo | 4.19 |
| ICBC | 4.49 |
| Kainga Ora | 4.59 |
| Co-operative Bank - First Home Special | 4.59 |
| ANZ Special | 4.65 |
| AIA - Go Home Loans | 4.65 |
| ASB Bank | 4.65 |
| TSB Special | 4.69 |
| Co-operative Bank - Owner Occ | 4.69 |
| SBS Bank Special | 4.69 |
| China Construction Bank | 4.95 |
| Kainga Ora | 4.95 |
| ICBC | 4.99 |
| Nelson Building Society | 5.09 |
| Westpac Special | 5.19 |
| Kiwibank Special | 5.19 |
| Co-operative Bank - First Home Special | 5.19 |
| TSB Special | 5.25 |
| ASB Bank | 5.25 |
| AIA - Go Home Loans | 5.25 |
| SBS Bank Special | 5.29 |
| Westpac Special | 5.49 |
| SBS Bank Special | 5.49 |
| BNZ - Std | 5.49 |
| AIA - Go Home Loans | 5.59 |
| ASB Bank | 5.59 |
| ICBC | 5.65 |
| Kiwibank Special | 5.69 |
| Kainga Ora | 5.69 |
| Co-operative Bank - First Home Special | 5.69 |
| Co-operative Bank - Owner Occ | 5.79 |
| TSB Special | 5.99 |
| SBS FirstHome Combo | 3.29 |
| AIA - Back My Build | 3.34 |
| SBS Construction lending for FHB | 3.74 |
| CFML 321 Loans | 3.95 |
| Co-operative Bank - Owner Occ | 4.99 |
| Co-operative Bank - Standard | 4.99 |
| ICBC | 5.39 |
| Kiwibank - Offset | 5.75 |
| Kiwibank Special | 5.75 |
| Kiwibank | 5.75 |
| Unity Standard | 5.79 |
