Interest rates

We were absolutely thrilled yesterday to hear the Reserve Bank Governor announced that he was keeping the OCR the same. As I have mentioned in past newsletters, it is reviewed every 6 weeks on a Thursday. Sometimes it is a live telecast and we all sit in the office...

Fixing your mortgage

If your home loan is floating or about to mature off its fixed rate in the next month or two, you may now be wondering if it is time to fix. The Reserve Bank Governor will next review the Official cash rate on 10 June. Many bank Economists expect the Reserve Bank...

Reserve Bank expected to hold OCR steady

Economists expect Reserve Bank governor Alan Bollard will hold rates steady this week despite evidence the economy remains surprisingly strong. Bollard’s official cash rate (OCR), which has a direct bearing on floating mortgage rates and a lesser impact on...