RBNZ OCR Cut: What will the banks pass on?
The Reserve Bank cut the OCR by 0.50% in a (late) bid to support households and businesses. The key question now: what will the banks pass on?
Most lenders review and adjust their fixed rates on Monday or Tuesday, so we may have to wait and see what next week brings.
Banks are quick to pass on changes to floating rates, but tend to be more considered when it comes to fixed rates, where the majority of Kiwis hold their mortgages. While some lenders had already started trimming rates ahead of the OCR decision, the 2yr swap rate has fallen 0.56% since the last OCR decision in August — suggesting there’s still room to move.
The next question: what does the future hold?
“The Committee remains open to further reductions in the OCR as required for inflation to settle sustainably near the 2 percent target mid-point in the medium term.” — RBNZ Monetary Policy Statement, October 2025
If you’re coming up for refixing or considering a restructure/refinance, now’s the time to review your options.
Independent financial advice with adviceHQ
#RBNZ #ocr #mortgagerates #independentfinancialadvice #AdviceHQ
Neighbourhood Challenge: Who Can Crack This One? ⛓️💥❔
What has a head but no brain?
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Poll: 🗑️ Would you be keen to switch to a fortnightly rubbish collection, or do you prefer things as they are?
Aucklanders, our weekly rubbish collections are staying after councillors voted to scrap a proposed trial of fortnightly pick-ups.
We want to hear from you: would you be keen to switch to a fortnightly rubbish collection, or do you prefer things as they are?
Keen for the details? Read up about the scrapped collection trial here.
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83.3% Same!
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16.7% Would have liked to try something different
Some Choice News!
Many New Zealand gardens aren’t seeing as many monarch butterflies fluttering around their swan plants and flower beds these days — the hungry Asian paper wasp has been taking its toll.
Thanks to people like Alan Baldick, who’s made it his mission to protect the monarch, his neighbours still get to enjoy these beautiful butterflies in their own backyards.
Thinking about planting something to invite more butterflies, bees, and birds into your garden?
Thanks for your mahi, Alan! We hope this brings a smile!
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