2+ hour, 30+ min ago  (735+ words) The Reserve Bank hiked the official cash rate 25 basis points to 2. 5%, keeping the majority of forecasters happy as the central bank seeks to get ahead of any building inflationary pressures. The S&P/NZX 50 index fell in a mixed day…...

6+ hour, 56+ min ago  (374+ words) The Monetary Policy Committee today reached consensus to increase the OCR by 25 basis points to 2. 50%. Following the partial reopening of the Strait of Hormuz, global oil prices have fallen markedly. Other petrochemical prices have also moved lower. As a result,…...

2+ day, 11+ hour ago  (492+ words) Westpac's chart pack on household finances shows the drop in interest rates over the past year has helped household spending. Westpac senior economist Satish Ranchhold says further significant falls in households' borrowing cost are not expected over the remainder of…...

1+ week, 2+ day ago  (793+ words) ANZ economists don't think so. In the bank's latest Property Focus, the economists say the RBNZ was already forecasting three hikes before the oil price spike occurred. The starting point for the OCR is arguably the single most important factor…...

1+ mon, 5+ day ago  (854+ words) New Zealand's S&P/NZX 50 index was one of the laggards across Asia as the local market declined amid the protracted conflict in the Middle East and elevated oil prices, with the likes of Mainfreight and Auckland International Airport weighing…...

1+ mon, 1+ week ago  (465+ words) On average, mortgage holders have been refixing onto lower rates," RBNZ said in its latest monetary policy statement. In recent months, around 55% of new mortgages have been fixed for periods of longer than one year," it said. If mortgage rates…...

1+ mon, 1+ week ago  (341+ words) OCR announcement: What the RBNZ said Good Returns. co. nz NZ's Financial Adviser News Centre OCR announcement: What the RBNZ said The Monetary Policy Committee today voted to hold the OCR at 2. 25%. Annual consumers price inflation was 3. 1 percent in the…...

1+ mon, 1+ week ago  (536+ words) Swap rates have risen by almost 1% over the past six months and mortgage rates have gone nowhere near that. Koura Wealth founder Rupert Carlyon says that means banks are wearing lower margins, which they do not like to do for…...

1+ mon, 2+ week ago  (688+ words) Picture: Chief economist Sharon Zollner ANZ, ASB, BNZ and Westpac don't think the central bank will opt to raise the OCR by 0. 25% and their eyes will be on the Monetary Policy Statement to get a steer on when the bank…...

1+ mon, 3+ week ago  (1074+ words) Mortgage advisers say after the huge uptick in business at the end of last year when banks were offering a 1. 5% cashback on new mortgages and a record $14 billion was lent, the sink in inquiry level from first home buyers and…...