RNZ15 Sep, 2026 03:57 AM3 mins to readVariable mortgage rates rose by the full Official Cash Rate rise, while savings rates lagged.Variable mortgage rates rose by the full Official Cash Rate rise, while savings rates lagged.By Susan Edmunds of RNZNew data from the Financial Markets Authority show that home loan borrowers on variable interest rates have felt the full impact of the most recent Official Cash Rate increase – but savers have not. The Financial Markets Authority (FMA) has been tracking interest rate changes
Interest rates: Banks pass on more OCR increase to borrowers than savers, FMA data show
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