OCR on hold
The Reserve Bank has kept the OCR unchanged. Here's what it said.
RBNZ urged to lower OCR to counter oil price shock recession
While the country’s major banks’ economists expect the RBNZ to look through the initial effects of the Iran war and higher oil prices on inflation and to hold the OCR at 2.25% at its Monetary Policy Review tomorrow, Staircase Financial Management research head Kieran Trass says now is the time to cut the OCR when the oil shock is about to push up costs.
Billions in wealth lost during one of the severest housing corrections
Homeowners have lost $570 billion in real wealth since the end of 2021 in one of the biggest peacetime housing falls, John Bolton, Squirrel Mortgages founder and group head of property finance reckons.
Altered documents lead to cancelled licence for mortgage adviser
KAN's tipoff to the Financial Markets Authority leads to mortgage adviser having his FAP licence cancelled.
BNZ take mortgage competition up a notch
BNZ is upping competition between banks by paying the legal fees of homeowners who switch their mortgages to the bank.
Mortgage holders big switch to new lenders tapers off
Just 22.3% of the $6.6 billion borrowed in new mortgages during February was for a change of loan provider – the lowest since January last year, the latest Reserve Bank figures show.
Interest rates expected to rise at a much faster pace
Further interest rate rises look likely over coming weeks, economist Tony Alexander says.
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ASB joins low deposit Kāinga Ora scheme with some benefits
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Most Read
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1 BNZ take mortgage competition up a notch
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2 Billions in wealth lost during one of the severest housing corrections
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3 Altered documents lead to cancelled licence for mortgage adviser
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4 Mortgage holders big switch to new lenders tapers off
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5 RBNZ urged to lower OCR to counter oil price shock recession
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