Interest rates

Westpac NZ CEO Catherine McGrath 'ever hopeful' capital requirements will reduce, reflects on customers' 'really prudent behaviour'

Westpac NZ CEO Catherine McGrath 'ever hopeful' capital requirements will reduce, reflects on customers' 'really prudent behaviour'

Not much cheer for savers as 2025 heads towards its end, with term deposit rates being lowered by some, and soft everywhere

Not much cheer for savers as 2025 heads towards its end, with term deposit rates being lowered by some, and soft everywhere

ANZ's economists expect interest rates to bottom out late this year/early next year, suggesting borrowers need to start thinking about fixing mortgages to lock in lower rates

ANZ's economists expect interest rates to bottom out late this year/early next year, suggesting borrowers need to start thinking about fixing mortgages to lock in lower rates

Westpac economists have come to the conclusion the massive 0.9% June GDP slump was an anomaly due to a series of events stemming back to the closure of New Zealand's only oil refinery and they say the 'real' result was more like a 0.1% drop

Westpac economists have come to the conclusion the massive 0.9% June GDP slump was an anomaly due to a series of events stemming back to the closure of New Zealand's only oil refinery and they say the 'real' result was more like a 0.1% drop

Bank that started the current rate-cutting round in mid-September is back at it again, this time with a one year rate lower than all the main banks

Bank that started the current rate-cutting round in mid-September is back at it again, this time with a one year rate lower than all the main banks

Squirrel's David Cunningham reckons the home loan market will get a sub-4% fixed mortgage rate by early 2026 - if the OCR falls another -25 bps

Squirrel's David Cunningham reckons the home loan market will get a sub-4% fixed mortgage rate by early 2026 - if the OCR falls another -25 bps

The Red Bank comes back for more, making sure it has two market leading fixed rate terms. It also cuts term deposit rates. The Co-operative Bank cuts both as well

The Red Bank comes back for more, making sure it has two market leading fixed rate terms. It also cuts term deposit rates. The Co-operative Bank cuts both as well

Kiwibank cuts its fixed home loan rates, the last of the majors to move lower in this rate cycle. It now has the lowest fixed six month rate, but me-too for other fixed terms

Kiwibank cuts its fixed home loan rates, the last of the majors to move lower in this rate cycle. It now has the lowest fixed six month rate, but me-too for other fixed terms

Following Tuesday's term deposit rate cuts, BNZ moves to match its main rivals' lowest home loan rate offers for all fixed terms

Following Tuesday's term deposit rate cuts, BNZ moves to match its main rivals' lowest home loan rate offers for all fixed terms

Savers are being forced to contemplate after-tax returns from term deposits that come in sharply less than inflation and don't keep up with household living cost rises

Savers are being forced to contemplate after-tax returns from term deposits that come in sharply less than inflation and don't keep up with household living cost rises

The second largest mortgage bank cuts home loan rates in response to the largest lender's cuts late last week. But some are me-too, some not as good as their main rivals, one dips just -4 bps

The second largest mortgage bank cuts home loan rates in response to the largest lender's cuts late last week. But some are me-too, some not as good as their main rivals, one dips just -4 bps

Westpac economists see about a 30% to 35% chance the Reserve Bank will do another jumbo sized rate cut next month, which could see the OCR end the year at 2.0%

Westpac economists see about a 30% to 35% chance the Reserve Bank will do another jumbo sized rate cut next month, which could see the OCR end the year at 2.0%

ANZ trims fixed rates, but only to levels that make them look good against their main rivals. Some challenger banks have much lower rates. ANZ also pushed through matching term deposit rate cuts

ANZ trims fixed rates, but only to levels that make them look good against their main rivals. Some challenger banks have much lower rates. ANZ also pushed through matching term deposit rate cuts

RBNZ chief economist acknowledges being nervous that inflation could get embedded in peoples' expectations

RBNZ chief economist acknowledges being nervous that inflation could get embedded in peoples' expectations

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?