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The RBNZ held the Official Cash Rate steady at 2.75% on 28 October, bucking widespread market expectations of an increase. Here, we dive into the economic context behind the decision, as well as what it means for mortgage rates and borrowers.
Digital-only banking giant Revolut has officially achieved New Zealand registered bank status—but does that mean better things are on the horizon for Kiwi savers? Chief Squirrel David Cunningham looks at how Revolut's savings offering stacks up against what's already on offer.
After almost three decades of steady decline, homeownership rates in New Zealand are officially on the rise. Favourable market conditions over the last couple of years have helped, but there's a number of wider structural changes taking place as well which should help to support the shift long-term.
Watch our latest update on interest rates and the property market – covering house prices, the economy, the OCR and where mortgage rates might be heading.
