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19 Apr 2025 23:55
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      Home > News > Business

    Some possible good news for mortgage holders

    Some possible good news for mortgage holders

    17 April 2025
    The inflation rate's now back up at 2.5 percent.

    ASB's today followed ANZ, Kiwibank, BNZ and Westpac in lowering advertised one-year rates below five-percent.

    It comes as many economists now forecast the OCR will go below three-percent -- despite today's rise in inflation -- due to the slow economic recovery and global uncertainty.

    ASB Chief Executive Vittoria Short says the lower rates will help many households.

    She says that will provide some relief to households, so they can withstand any potential further lift in inflation.

    © 2025 Newstalk ZB, NZCity


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     Today's News

    		 Environment:
    Ex-Tropical Cyclone Tam's continuing its Easter Weekend rampage 21:56

     Business:
    Powerball will be worth $23 million on Wednesday night after eluding players in tonight's Lotto draw 21:16

     Law and Order:
    Police have broken up what they've labelled a 'volatile' gathering in Wellington and ordered 21 vehicles off the road 18:56

     Accident and Emergency:
    A search is underway for a man who's fallen into a fast-moving river near Wairere Falls in the Waikato 18:36

     Rugby League:
    The Warriors are determined to make centre Adam Pompey's milestone night a memorable one when they host the Broncos in league's NRL at Mount Smart Stadium 18:06

     Politics:
    Pakistan expels 80,000 Afghans in two weeks amid crackdown on undocumented migrants 17:26

     Living & Travel:
    Severe weather is continuing to disrupt flights across New Zealand 17:26

     Rugby League:
    A new addition at home has switched up Warriors halfback Luke Metcalf's post-training routine 16:56

     Rugby League:
    Warriors halfback Luke Metcalf's bracing for a tricky night with the boot when they take on the Brisbane Broncos in league's NRL at Mount Smart Stadium 16:46

     Basketball:
    The Dallas Mavericks NBA basketball season has come to an end 16:46

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