Essential Workers - We Thank You

Cost of Living, Interest Rates, and Now Jobs Cuts

On 10 April the Monetary Policy Committee of the Reserve Bank of New Zealand agreed to hold the overnight interest rate, known as the Official Cash Rate (OCR), at 5.5 percent. The knock-on effect on retail borrowing will be the persistence of high interest rates. For example, Westpac offers a 2-year fixed mortgage

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Essential Workers - We Thank You

Cost of Living, Interest Rates, and Now Jobs Cuts

On 10 April the Monetary Policy Committee of the Reserve Bank of New Zealand agreed to hold the overnight interest rate, known as the Official Cash Rate (OCR), at 5.5 percent. The knock-on effect on retail borrowing will be the persistence of high interest rates. For example, Westpac offers a 2-year fixed mortgage

Read More