This week, the Reserve Bank of New Zealand issued an emergency announcement, cutting the official cash rate by 75 basis points, to a record low of 0.25 per cent. Banks immediately passed on the cut […]
Read More about New Zealand mortgage rates are dropping
Earlier this month, Australia was the first developed-market central bank to cut interest rates, in hopes to ease the economic impact of the coronavirus outbreak. New Zealand just followed suit with the largest OCR cut […]
Read More about Coronavirus effect: Rate cuts across the Tasman
In less than two weeks, the Reserve Bank may – or may not – announce another OCR cut to 0.75 per cent (or even 0.5 per cent). But ASB economists believe that, this time, the […]
Read More about Economists expect “minor drop” in mortgage rates
ANZ economists believe the rapidly escalating coronavirus outbreak could force the Reserve Bank of New Zealand to cut the official cash rate (OCR) by 0.5 per cent this month. The latest developments have prompted ANZ […]
Read More about Will the coronavirus outbreak lead to a surprise OCR cut?