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INTEREST RATES

ASB bank is offering a term deposit rate of 1.75 percent for five years.
Interest Rates

Bank hikes up interest rates on term deposits

ASB bank is offering a term deposit rate of 1.75 percent.

Watch: The Reserve Bank has kept the official cash rate on hold at a record low 0.25 per cent, because it's still worried about the economy.
Interest Rates

OCR unchanged, house price growth to slow

The Reserve Bank has retained current setting on the Official Cash Rate.
ASB senior economist Nick Tuffley says the bank is forecasting the OCR to rise in August 2022 - 12 months earlier than its previous forecast.
Interest Rates

'So much quicker': The major bank expecting the Official Cash Rate to rise

A leading economist expects the OCR to rise next year.

Watch: Low interest rates are encouraging home-buying, but lending could be restricted.
Interest Rates

'A little bit of tension': Low interest rates encouraging home-buying, but lending could be restricted

"What the Reserve Bank is mindful of is that it doesn't want the housing market to overheat."
The Reserve Bank funding for lending programme (FLP) will provide a cheap pool of funding for banks to lend.
Interest Rates

Reserve Bank confirms bank funding programme will start in December

The funding for lending programme (FLP) will provide cheap funding for banks to lend.

NZ folded dollar bills
Interest Rates

Reserve Bank lending programme could support SMEs - economist

It would provide a cheap pool of funding for banks to lend.

Reserve Bank Governor Adrian Orr
Interest Rates

'No change': Reserve Bank holds Official Cash Rate, but economists expect it to go negative

The Official Cash Rate will remain at 0.25 percent - for now.
From Tuesday, TSB bank will offer a one-year fixed interest rate of 2.49 percent, undercutting the major banks.
Interest Rates

'Below 2.5 percent': TSB drops mortgages to lowest rate ever

From Tuesday, TSB Bank will offer a one-year fixed interest rate of 2.49 percent.

Businessman holding dice
Interest Rates

'No urgency': No Official Cash Rate drop a foregone conclusion - economist

Leading economists don't expect the OCR to drop on Wednesday.