Monetary Policy

The kiwi touched 67.90 US cents, its lowest level since June 2010, and was trading at 68.15 cents at 8am in Wellington, from 68.42 cents at the New York close and 68.85 cents at 5pm on Friday. Photo: NZ Herald.

NZD falls to fresh low

The kiwi dollar has fallen gain, as the Greece debt crisis pushes investors into 'safe havens".

Mortgage Rates Provided by Interest.co.nz

Institution Term Percent
ANZ1 year fixed5.10%
ASB1 year fixed5.49%
Kiwibank1 year fixed5.39%
Westpac1 year fixed5.49%

Savings Rates Provided by Interest.co.nz

Institution Minimum 1 Year
ANZ $1 3.90%
ASB $1 4.15%
BNZ $1 3.90%
Westpac $1 3.90%

Greece defaults - bailout dies

Greece has become the first developed country to default on an IMF debt, after a last-ditch effort to extend its bailout…