RBNZ Cuts the OCR – What It Means for Borrowers
"On Wednesday 20 August, the Committee voted on the options of either reducing the OCR by 25 basis points or reducing the OCR by 50 basis points. By a majority of 4 votes to 2, the Committee agreed to decrease the OCR by 25 basis points to 3 percent."
"Further data on the speed of New Zealand’s economic recovery will influence the future path of the OCR. If medium-term inflation pressures continue to ease as expected, there is scope to lower the OCR further."
Notably, the terminal OCR forecast has shifted lower – from 2.85% in Q1 2026 to 2.55%, a 0.30% drop since the last Monetary Policy Statement.
Markets reacted with the 1-year swap rate falling 0.25%, signalling expectations of further easing.
This leaves the door open for retail banks to trim fixed mortgage rates in the coming weeks.
With 50% of borrowers due to refix this year, this could mean some welcome relief on mortgage repayments as the year progresses.
👉 If you’re coming up for refix or want to review your mortgage strategy, now’s the time to start the conversation. Call adviceHQ today.
#adviceHQ #RBNZ #ocr
NZCCM Massage and English Programmes
The New Zealand College of Chinese Medicine (NZCCM) offers industry-focused Massage and English programmes that prepare students for professional practice.
Students gain strong Anatomy and Physiology knowledge, hands-on experience in the student clinic, and pathways into health and wellbeing careers. NZCCM actively incorporates tikanga Māori and Te Ao Māori, partnering with local marae for cultural learning and community treatments.
As Auckland’s only provider of Massage diplomas, NZCCM is enrolling now for February 2026 Programmes include the Level 5 Wellness and Relaxation Massage Diploma and the Level 6 Remedial Massage Diploma, both NZQA-approved with intensive block courses. NZCCM also offers NZCEL Level 4 for academic English preparation.
Open Days will be held on 12 December and 23 January.
Contact: 09 580 2376 or auck@chinesemedicine.ac.nz
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Night-time roadworks on SH16
From 23 November to 17 December, stop/go traffic management will be in several locations on SH16 between Mabbett Lane and Restall Road (Sundays to Thursdays, 9pm to 5am).
Works will include chipsealing and stormwater improvements. There may be delays to your journey when travelling through the area. Click to find out more.
Poll: Should we be giving the green light to new mining projects? 💰🌲
The Environmental Protection Authority announced this week that a proposed mine in Central Otago (near Cromwell) is about to enter its fast-track assessment process. A final decision could come within six months, and if it’s approved, construction might start as early as mid-2026.
We want to know: Should mining projects like this move ahead?
Keen to dig deeper? Mike White has the scoop.
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53.1% Yes
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46.9% No
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