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: Should we ditch daylight saving? 🕰️
First introduced in New Zealand in 1927 with the passing of the Summer Time Act, it's what we know as 'Daylight Saving' and this year it ends on the first Sunday in April.
While we do get to sleep in this time around, some people would like to scrap the clock tinkering for good.
And why? Some evidence suggests the time changes are bad for our health as they mess with sleep patterns leading to short-term fatigue and affecting mood. Meanwhile the hour change is frustrating for farmers and a nightmare for getting the littlies to sleep. But what's your take?
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36.6% Yes - get rid of the clock changes
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62.6% No, I enjoy it
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0.8% Other - I'll share below
Poll: How important is the ability to book a doctor’s appointment online?
Hi Neighbours
Here at The Doctors we would love to hear how you prefer to book your doctor’s appointments. With busy schedules, different people find different methods easier.
For some, online booking is very convenient, you can make an appointment anytime without needing to wait on the phone. Others still prefer calling the clinic and speaking to a real person, especially if they have specific questions about their visit.
Your feedback helps us understand what works best for our patients and how we can improve access to care.
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40.2% I prefer booking online whenever possible
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21.1% Online booking is helpful but not essential
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35.1% I prefer calling the clinic
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3.6% I didn’t know online booking was available
Government targeted relief
My sister is a Pensioner living in Wellsford. She has an appointment at North Shore Hospital tomorrow afternoon at 2.45pm. The 160km round trip would cost about $50 which is too expensive. Instead, she will be taking a free shuttle leaving from Wellsford at 8am tomorrow, so will have almost 6 hours wait at hospital . It is not only families with children who are struggling. I do understand that not everyone can be accommodated in the relief, but just saying.
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