Interest rates

Bank of China makes the first broad fixed mortgage rate cuts since the October 8 OCR cut. Not to be outdone, ICBC now goes even lower. Will this induce the main banks to move too?

Bank of China makes the first broad fixed mortgage rate cuts since the October 8 OCR cut. Not to be outdone, ICBC now goes even lower. Will this induce the main banks to move too?

The Reserve Bank is actively encouraging us to start splashing some cash. Hopefully, this might work. It might also be more than a bit risky

The Reserve Bank is actively encouraging us to start splashing some cash. Hopefully, this might work. It might also be more than a bit risky

Reserve Bank says it sees little risk of inflation and is willing to keep cutting interest rates even with inflation near 3%

Reserve Bank says it sees little risk of inflation and is willing to keep cutting interest rates even with inflation near 3%

ANZ is the first mover after the -50 bps OCR cut, passing on -40 bps to floating rate borrowers, Westpac only passes on -30 bps, ASB & BNZ go -30 bps too. By Kiwibank it is -35 bps

ANZ is the first mover after the -50 bps OCR cut, passing on -40 bps to floating rate borrowers, Westpac only passes on -30 bps, ASB & BNZ go -30 bps too. By Kiwibank it is -35 bps

The Reserve Bank slashed the Official Cash Rate to 2.50% to bolster faith in an economic recovery that seems to have stalled over the past six months

The Reserve Bank slashed the Official Cash Rate to 2.50% to bolster faith in an economic recovery that seems to have stalled over the past six months

Latest monthly RBNZ figures show that those taking up new mortgages are watching very closely what the Reserve Bank does - and choosing mortgage options to suit the circumstances

Latest monthly RBNZ figures show that those taking up new mortgages are watching very closely what the Reserve Bank does - and choosing mortgage options to suit the circumstances

The experts think in a years' time the OCR should be in a range between 2.50% and 2.75%, with views divided on how much further easing in monetary policy should be required beyond October

The experts think in a years' time the OCR should be in a range between 2.50% and 2.75%, with views divided on how much further easing in monetary policy should be required beyond October

State-owned Kiwibank is the last major to move its fixed home loan rates down ahead of Wednesday's OCR review, and these shifts give it a market-leading six month rate, and a matching one year rate

State-owned Kiwibank is the last major to move its fixed home loan rates down ahead of Wednesday's OCR review, and these shifts give it a market-leading six month rate, and a matching one year rate

The coming week's Reserve Bank Official Cash Rate decision looks a genuine toss-up between either a 25 point cut or a 50 pointer, with the RBNZ having to decide whether our sickly economy needs a faster push

The coming week's Reserve Bank Official Cash Rate decision looks a genuine toss-up between either a 25 point cut or a 50 pointer, with the RBNZ having to decide whether our sickly economy needs a faster push

Term deposit rates are falling, and as low as they are, the chances of them falling further is high. So locking in some current rates may avoid rate-drop pain that is yet to happen

Term deposit rates are falling, and as low as they are, the chances of them falling further is high. So locking in some current rates may avoid rate-drop pain that is yet to happen

ASB is the latest follower to cut fixed mortgage rates, but not to any level that beats the earlier movers

ASB is the latest follower to cut fixed mortgage rates, but not to any level that beats the earlier movers

Westpac cuts and claims market-leading rate levels for fixed rate home loans for almost all its terms. It has cut term deposit rates too

Westpac cuts and claims market-leading rate levels for fixed rate home loans for almost all its terms. It has cut term deposit rates too

Our largest home loan lender strikes with wide-ranging rate cuts, grabbing market-leading levels across all the popular fixed terms - except two years. Term deposit savers suffer matching cuts

Our largest home loan lender strikes with wide-ranging rate cuts, grabbing market-leading levels across all the popular fixed terms - except two years. Term deposit savers suffer matching cuts

Despite growing signs of inflation rising and strongish labour markets, the RBA has held its cash rate target at 3.6% as widely expected

Despite growing signs of inflation rising and strongish labour markets, the RBA has held its cash rate target at 3.6% as widely expected

BNZ cuts one year mortgage rate to 4.49%, a significant level below its main rivals. It also cut its Rapid Saver savings account rate

BNZ cuts one year mortgage rate to 4.49%, a significant level below its main rivals. It also cut its Rapid Saver savings account rate