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1 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%.

Infratil Infrastructure Bond Exchange Offer opens
Infratil Limited (Infratil) announced today that following the completion of the Firm Offer of 7 year unsecured, unsubordinated, fixed rate infrastructure bonds that mature on 16 June 2032 (New Bonds) the Exchange Offer is now open

Young Kiwis lead brain drain as migration falls below 30,000, departures at record
A large number of young Kiwis are leaving for Australia, although the rate may have peaked

SUM - Summerset Considers Retail Bond Offer
Summerset Group Holdings Limited (Summerset) is considering making an offer of six year, fixed rate bonds to institutional and New Zealand retail investors. The bonds will be unsubordinated obligations of Summerset

Dollar decline: Is the US dollar about to be replaced?
The world's reserve currency is losing its dominance.

Major banks trim mortgage rates
One-year special rate is now under 5%.

Why 4.5% home loan rate could be on cards after US tariffs
Interest rates fell significantly, as stock markets were sent reeling this week.

‘If the number has a 4, take it’ ? home loan advice when we don’t know what Trump, or the world, will do next
Economists agree another drop in the official cash rate this week is a near-certainty. So what about your mortgage then?

Why was Westpac slow in passing on OCR cut?
Westpac gave an apparently contradictory answer as to why it was so slow to pass on the Reserve Bank’s interest rate cut last month to parliament’s finance and expenditure committee’s banking inquiry.

Kiwibank grows home loans at twice its market share
The government-owned Kiwibank lent on mortgages at the rate of more than twice its market share in the six months ended December.

RBNZ cuts OCR by 50pb, signals further cuts sooner
As expected, the Reserve Bank cut its official cash rate (OCR) to 3.75% and signalled further cuts of up to 90 basis points this year but no cuts beyond that.

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.

RBNZ signals just two further OCR cuts this cycle
The Reserve Bank is signalling just two further cuts in the official cash rate (OCR) in the current cycle, with the OCR bottoming at 2.9% in the December quarter and remaining at that level through to the March quarter of 2027.

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.

MPI investigates high summer death rate in New Zealand King Salmon following SAFE complaint
SAFE claims intensive fish farming breaches the Animal Welfare Act.

City’s businesses struggle with ‘unfair’ proposed dining fees
The council had proposed a flat rate of $100 per square metre across central Tauranga and the Mount.

‘Not good enough’: Why don’t banks pass on the OCR cut instantly?
The central bank has cut the Official Cash Rate, so why don’t banks pass it on instantly in their mortgage rates? Explainer Editor Lloyd Burr tries to find some answers.

Interest rates expected to plateau soon
A switch has been flipped for mortgage borrowers with the two-year 4.99% interest rate the main banks are now offering.

AIA - DRP Strike Price and AUD FX Rate for 1H25 dividend
Auckland International Airport Limited (Auckland Airport) advises that the strike price for the Dividend Reinvestment Plan (DRP) operating in respect of the dividend payable on 4 April 2025 has been set at NZ $7.6894 per share. The strike price is inclusi