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4 Jul 2025

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Bottom of OCR cuts either here or not far away - ASB
ASB economists say the extent of further interest rate falls is now up in the air and the OCR could bottom out at 3%.

Global shares gain and oil prices slip as markets eye the Mideast conflict, await Fed's decision
Global shares were mostly higher Wednesday and oil prices slipped as investors awaited a decision on interest rates by the Federal Reserve.

Longer term mortgages edging up
The move to longer term fixed mortgages is gathering speed although a substantial share is still on floating or short-term rates as the RBNZ has indicated two more possible OCR cuts to 2.75%.

Short term mortgage fix still an appealing decision
Fixing mortgages for six months is still an attractive option compared to floating rates for borrowers, ANZ says in its latest Property Focus.

Chorus launches Capital Notes offer
Further to the announcement on 23 May 2025 by Chorus Limited (Chorus) that it had lodged a replacement Product Disclosure Statement for the offer of up to $170 million of unsecured, subordinated, redeemable, cumulative, interest-bearing capital notes

Longer-term mortgage rates fashionable again
Mortgage borrowers nearly 18-month love affair with floating and short-term fixed rates appears to be all but over.

Chorus considers Capital Notes offer
Chorus Limited (Chorus) has today announced that it is considering making an offer of up to $170 million of unsecured, subordinated, redeemable, cumulative, interest-bearing capital notes (Capital Notes) to investors in New Zealand (Offer)

Further interest rate falls not on the cards
ANZ economists say the bulk of mortgage interest rates falls has likely ended, barring any major surprises.

Asian shares jump on hopes tariff war may subside and Trump won't fire Federal Reserve chief
Trump had previously said he could fire chair Jerome Powell after the Federal Reserve paused cuts to short-term interest rates.

New tech platform helps small businesses and cafés put their empty space to work
In a model its founder describes as Airbnb meets co-working, PerchSpace connects startups and freelancers to short term spare office desks and café workspaces at affordable rates.

Call for expected next OCR cut to be delayed
While lower mortgage interest rates are allowing more first home buyers to get into the market, ASB says there is a case for holding a predicted further interest rate cut in July.

Major bank cuts home loan rates ahead of OCR
The reductions appeared modest, but were prompt, coming a day ahead of the Reserve Bank’s decision.

What to avoid doing when trying to buy your first home – The Prosperity Project
While interest rates may be positive, other factors could impact your purchases.

Capital Markets: Why councils should embrace asset recycling for growth - Mark Peterson
Councils are more than just rubbish, roads and rates. They play a more important role.

Steadying the unsteady recovery
Although about $2.2 billion will flow back into mortgage holders’ pockets over the next six to 12 months from falling interest rates a big chunk of it will go on paying bills.

US Federal Reserve likely to defy Trump, keep rates unchanged this week
The Fed has faced weeks of harsh criticism and demands from the US president to reduce borrowing costs.

Tariffs could add US$900m to Apple’s costs, CEO Tim Cook says
The figure is assuming “current global tariff rates, policies and applications do not change” throughout Apple’s April-to-June quarter, Cook said.