Mortgage Rates Daily Commentary
Wednesday 16 September 2026
New non-bank lender officially launches; And a bank cuts a rate
A new non-bank lender has entered the market. It's received a significant bank funding line and some of the names behind the business will be recognised by advisers. [READ ON]
Who is behind MB Private? Find out here.
Amongst home loan rate news TSB has gone the other way and reduced rates on its one year term. Check out how it compares here.
NEWSFLASH: Cash rate unchanged
The Reserve Bank today left the Official Cash Rate unchanged at 5.75%.
Thursday, January 23rd 2003, 9:21AM
NEWSFLASH: Cash rate unchanged -->NEWSFLASH: Cash rate unchanged -->"A key development since November has been a further sharp rise in the New Zealand dollar against all major currencies. If sustained, we expect the higher exchange rate to dampen future economic activity and, hence, medium-term inflation pressures," Reserve Bank governor Alan Bollard said.
"However, current domestic economic activity appears to be more robust than we anticipated, as reflected in indicators of household spending and construction sector activity. The latest estimates suggest that domestic inflationary pressure has continued, offsetting a fall in imported inflation. As expected, overall CPI inflation has remained towards the upper end of the 1 to 3% target band for inflation on average over the medium term.
"For the moment, it is appropriate to leave the OCR unchanged, reflecting the strong growth in the New Zealand economy. However, the balance of risks around the future path of interest rates has shifted. If the exchange rate remains at around present levels or appreciates further, and if the evidence points to reduced pressures on resources and medium-term inflation, then there may be scope for a cut in the OCR later in the year," Bollard said.
The next OCR announcement comes with the release of the Monetary Policy Statement on March 6.
This is the official announcement from the Reserve Bank. A news story will follow.
Commenting is closed
