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OCR up, mortgages to rise $10 a week
The average floating mortgage is expected to rise by $10 a week after the Reserve Bank lifted the OCR for the first time since 2007.
<i>Brian Fallow :</i> A lot of assumptions in OCR move
For borrowers the Reserve Bank's statement makes dispiriting reading...
<i>Inside Money:</i> This account is overdue
Inside Money:Why are the rich just as tardy with bills as the poor?
Quarter of Kiwis plan to skip paying bills, says survey
One in four New Zealanders will pay their bills late over the next year, with 35pc saying they would miss paying the TV bill if they ran short of cash.
Kiwibank, HSBC warned about mortgage fees
The Commerce Commission has warned Kiwibank and HSBC about the formulas the two banks used to use to work out mortgage break fees.
<i>Bernard Hickey: </i>Tightening without hiking the OCR
The Reserve Bank has slightly opened its forecast window for the first rate hike by a month or two in this morning's statement.