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Wednesday, May 27th 2026
Divided RBNZ keeps the OCR on hold
The Reserve Bank is projecting its official cash rate (OCR) will probably rise to 2.5% in the September quarter, although there's still a chance of an earlier hike.
News > News
Wednesday, May 27th 2026
The Reserve Bank is projecting its official cash rate (OCR) will probably rise to 2.5% in the September quarter, although there's still a chance of an earlier hike.
Wednesday, May 27th 2026
The Monetary Policy Committee today voted to hold the OCR at 2.25%.
Tuesday, May 26th 2026
There are fears some hefty mortgage interest rate rises coming based on recent movements in wholesale rates.
Friday, May 22nd 2026
Economists expect the OCR to be held at 2.25% at Wednesday’s RBNZ meeting.
Thursday, May 21st 2026
For the first time in a decade no bank has reached Consumer NZ’s customer satisfaction threshold for its Consumer Choice award.
Tuesday, May 19th 2026
Xceda is pleased to introduce Bruce Smith as Strategic Partnership Manager, supporting advisers with specialist lending scenarios and strengthening relationships across the adviser market.
Friday, May 15th 2026
ASB’s economists are favouring OCR hikes to start in July while Westpac thinks September is the right time.
Thursday, May 14th 2026
Basecorp has closed out another securitisation programme raising funds for future lending.
Monday, May 11th 2026
While house prices move up at a glacial pace first home buyers are taking advantage of the hollowed-out market to buy and get what they want.
Friday, May 08th 2026
Cashback campaign cost banks millions for little change in mortgage customer share
Wednesday, May 06th 2026
The Reserve Bank says residential mortgage lending by non-banks has risen about 30% since the deposit insurance scheme came into force from July 1 last year.
Tuesday, May 05th 2026
Westpac New Zealand accelerated its home loan lending in the six months ended March, adding $2.1 billion in new lending.
Monday, May 04th 2026
Is BNZ rediscovering that ditching mortgage advisers comes at a cost?
Monday, May 04th 2026
As economic struggles push the country towards stagflation, borrowers with mortgage arrears continue to decline.
Friday, May 01st 2026
Mortgage advisers originated 58% of ANZ Bank New Zealand’s home loans in the six months ended March, down from 59% in the same six months a year earlier.
Thursday, April 30th 2026
ANZ economists see little value in fixing mortgages for more than one year from a pure cost perspective.
Wednesday, April 15th 2026
ANZ suggests the RBNZ will rise three times this year. Kiwibank says "reckless" rate hikes unwarranted.
Tuesday, April 14th 2026
The country’s biggest bank and home loan lender is now predicting three 0.25% OCR rises this year, taking the official cash rate to 3%.
Monday, April 13th 2026
High fuel prices because of the US and Israel war with Iran, rising interest rates, an increase in banks’ servicing test rates, election year wobbles and general uncertainty over the economy have meant a noticeable drop in mortgage enquiries.
Thursday, April 09th 2026
Even though margin pressure, the Iran war and election year dynamics are weighing on non-bank lenders, they are cautiously optimistic their businesses will improve this year, KPMG’s Specialist Lenders Insights Report shows.
Wednesday, April 08th 2026
The Reserve Bank has kept the OCR unchanged. Here's what it said.
| Unity First Home Buyer special | 4.09 |
| SBS FirstHome Combo | 4.19 |
| ICBC | 4.49 |
| Co-operative Bank - First Home Special | 4.55 |
| Kainga Ora | 4.59 |
| BNZ - Std | 4.65 |
| Co-operative Bank - Owner Occ | 4.65 |
| ASB Bank | 4.65 |
| AIA - Go Home Loans | 4.65 |
| TSB Special | 4.69 |
| ANZ Special | 4.69 |
| ICBC | 4.89 |
| China Construction Bank | 4.95 |
| Kainga Ora | 4.95 |
| Nelson Building Society | 5.09 |
| BNZ - Std | 5.19 |
| SBS Bank Special | 5.19 |
| Westpac Special | 5.19 |
| ASB Bank | 5.25 |
| AIA - Go Home Loans | 5.25 |
| TSB Special | 5.25 |
| Kiwibank Special | 5.29 |
| ICBC | 5.65 |
| Kainga Ora | 5.69 |
| Westpac Special | 5.79 |
| BNZ - Std | 5.79 |
| SBS Bank Special | 5.79 |
| Co-operative Bank - Owner Occ | 5.89 |
| ASB Bank | 5.89 |
| AIA - Go Home Loans | 5.89 |
| Kiwibank Special | 5.99 |
| TSB Special | 5.99 |
| China Construction Bank | 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 |
| Heartland Bank - Online | 5.30 |
| ICBC | 5.39 |
| Kiwibank - Offset | 5.75 |
| Kiwibank Special | 5.75 |
| Kiwibank | 5.75 |
