OCR Preview: economists predict no change
Economists believe the Reserve Bank will hold fire on making further cuts to the Official Cash Rate next week, with a further cut more likely in November.
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BNZ outlines stance on new regulatory regime
BNZ will only deal with groups who hold a FAP licence under the new regulatory regime, becoming the first bank to formally outline its stance on the subject.
Bluestone cuts variable rate
Non-bank lender Bluestone has passed on cuts of up to 40 basis points after the Reserve Bank’s Official Cash Rate cut last month.
Home loan complaints rise
Complaints against banks by home loan borrowers rose by 12.3% last year amid a rising number of declined applications, according to the Banking Ombudsman Scheme.
Pepper Money launches in NZ
Australian non-bank lender Pepper Money has launched mortgage lending operations in New Zealand, with a vow to bring Kiwi borrowers unprecedented levels of choice and flexibility in their mortgage options.
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LVR rules could be permanent: Bascand
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I hope you can help me fundraise $20,000 to help mend broken hearts
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BNZ finds partner for shared ownership scheme
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Capital rules to have minor impact on interest rates: RBNZ
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Key RBNZ changes edge closer
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HSBC drops rates to 3.95%
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Royal Commission report due on Monday
Rates limbo; Are you happy with getting Level 5?
We've been a little quiet with our weekly TMM newsletters so thought it was time to get them going again. Here's a wrap of last week's news and some thoughts on what's happening in the market.
SBS rate cut; OCR preview
Good morning.
As Spring kicks in, another bank has slashed mortgage rates.
SBS Bank’s 3 year rate drops to 3.89%, level with ASB. Check out our rates table here.
Meanwhile, economists have told us they don’t expect the Reserve Bank to cut the Official Cash Rate next week. See why here: [READ ON].