Interest rate report #12 - 8th April 2025
Trump changed everything. But over the last 30 days, interest rates have barely moved - here’s what actually changed.
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NZ Interest Rates - What's Changing?
What to expect:
✅ Latest mortgage rates - see what banks are actually offering.
✅ Where rates are headed next – Pete breaks it down, no fluff.
✅ How to get the best deal – see what banks are really discounting.
✅ Quick, plain-English analysis – get the key facts in minutes.
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Interest rate report #11 - 11th March '25
Interest rates keep falling after the latest OCR update. The Reserve Bank now forecasts a faster drop, with the OCR expected to hit 3% by year-end, pushing rates down.
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Interest rate report #9 - 10th December '24
Mortgage interest rates dropped a lot in October. But they didn’t change much in November. Only the 6-month rate got a big cut. The average bank currently offers 5.99% for 6 months after you negotiate.
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Interest rate report #8 - 12th November '24
Mortgage interest rates tumbled over the last month. The 6-month rate fell 0.34%. The 1-year rate fell 0.39%.
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Interest rate report #7 - 8th October '24
The speed of interest rate cuts slowed this month. The average bank only cut 0.03% off their 18-month rate in the last month. And 0.17% off the 1-year rate.
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Interest rate report #6 - 10th September '24
The Reserve Bank cut the OCR for the first time in 4 years. That kicked off a round of interest rate cuts from the banks.
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Interest rate report #5 - 15th August '24
So much happened over the last month. Inflation fell to 3.3%. That’s lower than the Reserve Bank thought it would be. They thought 3.6%.
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Interest rate report #4 - 9th July '24
A few banks dropped their interest rates over the last month. Not huge drops. These banks are just following the other big lenders to meet the market.
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Interest rate report #3 - 17th June '24
Nothing changed last month. After a lot of frenzied cuts, no bank has changed their advertised rates in the last 3 weeks. The trajectory is still (slowly) down.
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Interest rate report #2 - 14th May '24
Interest rates are falling. The falls are small and slow. But they are there. Last week, three major banks (BNZ, KiwiBank and ASB) dropped some of their rates.
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Interest rate report #1 - 9th April '24
Interest rates fell in March. All major banks have dropped some of their interest rates since 1st March. And no banks increased their rates over that period.
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