Following the Reserve Bank of New Zealand (RBNZ) cut the Official Cash Rate (OCR) last month, we have seen a slow, but steady, decline in interest rates. Last week saw SBS drop its six-month rate to 5.99 percent, the first of the main banks to reduce their short-term rates to under six percent. Across the […]
On August 14, the Reserve Bank of New Zealand (RBNZ) cut the Official Cash Rate (OCR) by 0.25 percent to 5.5 percent. It was the first time the OCR had been cut since March 2020 With the RBNZ acknowledging that inflation now seems to be largely under control, the market and most economists are pricing […]
FMA Calls on Kiwis To Check Their KiwiSaver Accounts In a campaign announced on June 25, the Financial Markets Authority (FMA) and the Retirement Commission called on KiwiSaver members to actively review their annual statements to see if they are on track for their retirement savings goals. With individual KiwiSaver member statements being sent out […]
