Hand holding a magnifying glass over a blue percentage symbol on a yellow background.

Interest Rates

I hear it all the time, our friends or family tell me that they are getting better interest rates then me – how can this be?

If you simply want the best interest rate on the market – call us, we will do the research and negotiating on your behalf without you needing to waste your time with your bank and other banks trying to get the best deal, and even then it is unlikely banks will give you the best interest rate!

If you want a more rounded conversation and some free financial advice about your interest rate strategy, feel free to contact us today and we can arrange a meeting.

Three wooden discs with percentage symbols, with a hand touching the rightmost disc, on a blue background.

Interest Rates

There are several factors in how interest rates are determined, below are just a few 

  • Reserve Bank of New Zealand’s main tool for monetary policy is setting the Official Cash Rate (“OCR”)  which influences banks interest rates. 

  • Inflation is a key driver of the direction of interest rates 

  • Economic activity, both locally and overseas

  • Global factors such as war, world economies, government policies

  • Banks borrowing costs, where they derive their funding from (local or overseas)

  • Competition in the market place