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Banks slash floating rates after 50bp OCR cut

Banks slash floating rates after 50bp OCR cut

The Reserve Bank cut its official cash rate (OCR) by 50 basis points to 4.75%, as expected, and said it assesses that inflation is now within its 1% to 3% target range “and converging on the 2% midpoint.”

Wed, Oct 9th 2024 02:39PM

BREAKING: OCR 4.75% – Monetary restraint reduced as inflation converges to target

BREAKING: OCR 4.75% – Monetary restraint reduced as inflation converges to target

Economists, markets expect a 50bp OCR cut on Wednesday

Economists, markets expect a 50bp OCR cut on Wednesday

Ratings agency positive about Avanti's market position

Ratings agency positive about Avanti's market position

NZers generally don't know about mortgage advice: New reseach

NZers generally don't know about mortgage advice: New reseach

Retirement Commission backs home equity release with advice

Retirement Commission backs home equity release with advice

Bigger rate cuts called for

Bigger rate cuts called for

Squirrel sets up a drey in Christchuch

Squirrel sets up a drey in Christchuch

[Podcast] TMM Ep3 Adrienne Begbie - Prospa

[Podcast] TMM Ep3 Adrienne Begbie - Prospa

Differing views on latest CCCFA reforms

Differing views on latest CCCFA reforms

Govt to remove personal liability for bank directors

Govt to remove personal liability for bank directors

Mortgage Supply leader and long term adviser retires

Mortgage Supply leader and long term adviser retires

FMA to investigate mortgage advice sector

FMA to investigate mortgage advice sector

Kiwibank grows its share of new mortgage lending at more than double its market share

Kiwibank grows its share of new mortgage lending at more than double its market share

Heartland reverse mortgages grow 20%, online-only home loans sink

Heartland reverse mortgages grow 20%, online-only home loans sink

First prosecution under CCCFA

First prosecution under CCCFA

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