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
Poll: Do you set New Year’s resolutions?
🎉 2026 is almost here!
We’re curious ... how do you welcome it?
Do you set resolutions, follow special traditions, or just go with the flow?
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0% Yes! New Year, New Me
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33.3% Yes - but I rarely stick to them
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66.7% Nah - not for me
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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85% Same!
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15% Would have liked to try something different
Poll: Is it ok to regift something that you have been given?
🎁 Holiday Gift Chat!
Do you ever regift?
What’s your take on asking for a receipt if a gift doesn’t fit?
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78.7% Yes! It's better to regift what I don't need
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21.3% No. It's the thought and effort that matters
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