Browsing Tag:OCR

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CompaniesNov 24, 2021 01:074 minutes to readNovember 24, 2021 The Reserve Bank today increased the official cash rate by 0.25 percent to 0.75 percent. This 25 basis point increase was the first for the RBNZ in seven years.ANZ Bank followed ASB as the first major bank to increase variable mortgage rates for residential properties after the Reserve Bank...
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ANZ has pushed ahead with the increase in the official cash rate (OCR) expected on Wednesday with increases in mortgage interest rates for home loans with effect from Tuesday.It has increased its one-year fixed interest rate "special" by +14 basis points to 2.69%, its 18-month fixed interest rate by +15 basis points to 2.89% and its two- and three-year...
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