News
Major bank lifts floating rates as OCR hike flows through
1+ hour, 55+ min ago (812+ words) Westpac is lifting its floating lending and savings rates by 0. 25% after the official cash rate was hiked yesterday. The changes take effect from Monday for new customers and next Thursday for existing customers, with variable home and business loan rates…...
Watch live: Finance Minister speaks after OCR hiked in latest update
1+ day, 1+ hour ago (401+ words) Finance Minister Nicola Willis will speak from about 2. 30pm. Source: 1 News (Source: Other) Finance Minister Nicola Willis will speak this afternoon after the latest Official Cash Rate update. This afternoon, the OCR was hiked from 2. 25% to 2. 5%, in a move intended to…...
Bank says NZ economy finally turning the corner, 'recovery delayed not derailed"
2+ day, 4+ hour ago (1120+ words) Economy rising (file image) (Source: istock. com) ASB economists say the worst may be mostly over for the New Zealand economy. By Susan Edmunds of RNZ They have released their updated economic forecasts for the quarter, and say easing oil…...
'Popcorn time': Is a 'nail biter' OCR hike coming tomorrow?
2+ day, 6+ hour ago (1302+ words) The Official Cash Rate (OCR) affects consumers' mortgage and savings rates. (Source: 1 News) A bank economist says tomorrow's rate hike call from the Reserve Bank will be a "nail biter" as forecasters are split on whether the official cash rate…...
Major bank lifts some mortgage rates, slashes others
1+ week, 1+ day ago (585+ words) The Reserve Bank will made its next call on the official cash rate next Wednesday. (Source: istock. com) ASB has lowered longer-term mortgage rates and increased two of its shorter-term rates. It has also reduced some term deposit rates. "Wholesale…...
Major bank hikes some mortgage rates, slashes others
2+ week, 6+ hour ago (615+ words) Effective from today, June 24, the bank has raised its standard 6-month rate from 4. 49% to 4. 69%. (Source: istock. com) BNZ says it is increasing its shorter fixed-term mortgage rates, and cutting the longer term rates that it has on offer. The 1-year…...
How loyalty to your bank, insurance, power supplier could be costing you thousands
3+ week, 5+ day ago (1522+ words) Sometimes you just need to take off the rose-tinted glasses and save. Frances Cook on the simple calls and questions that could lead to a much needed cash injection. Being a good customer is surprisingly expensive. Loyalty, unfortunately, is not…...
The Winter Energy Payment buys less warmth each year " is there a smarter idea?
1+ mon, 1+ day ago (1360+ words) The pressures the payment was designed to ease continue to mount, driven by rising energy prices and a worsening cost-of-living crisis. Do we need to ditch this 'bandaid solution' for a longer-term approach? By Kimberley O'Sullivan As New Zealand enters…...
Why house prices are actually down about 30%
1+ mon, 5+ day ago (1158+ words) New Zealand house prices are still on average about 30% lower than they were at the peak of the market. By Susan Edmunds of RNZ Cotality's latest data shows house prices continue to drift sideways. The average home value according to…...
NZ's largest bank increases home loan interest rates
1+ mon, 4+ day ago (496+ words) ANZ NZ today increased some of its home loan rates " citing wholesale interest rates and uncertainty from the conflict in the Middle East as reasons for the increases. The bank's fixed home loan rates have been increased by 10- to 20-basis…...