BNZ reduces several fixed mortgage rates ahead of OCR decision

Tuesday 7 October 2025 · 2 outlets · 2 reports · updated Tue 7 Oct 2025, 9:44am

In this story Winston Peters, Reserve Bank of New Zealand, Kiwibank, BNZ

BNZ has lowered multiple fixed-term mortgage rates in anticipation of the Reserve Bank's official cash rate decision. Reductions include the six-month, 18-month, two-year, and three-year rates. The 18-month rate saw a 26 basis point decrease, while other specified rates dropped by 10 basis points.

How they headlined it

8:21am9:44am

1. 1NewsTue 7 Oct 2025, 8:21am

   Major bank trims some mortgage rates ahead of OCR decision (opens in new tab)

2. RNZTue 7 Oct 2025, 9:44am

   More banks cut mortgage rates ahead of Reserve Bank's official cash rate decision (opens in new tab)