The New Zealand dollar dropped by US1c after the Reserve Bank surprised the market with this morning's OCR cut.

Economists are divided, but on balance, wait and see looks like the Reserve Bank's best strategy for interest rates, writes Brian Fallow.

Mortgage rates for Kiwis could go up amid global concern about credit risk.

INTERACTIVE: Unemployment rates have fallen to the lowest level since recession but not everyone is feeling the benefits.

The unemployment rate has unexpectedly fallen to a six year low of 5.3 per cent.

Digital legal tender could combine the inventiveness of private virtual currencies with the stability of a government mint.

Fixed rate mortgages could be set to tumble to new lows in the coming months after the Reserve Bank signaled it may have to cut rates again this year.

The Reserve Bank has left its official cash rate unchanged at 2.50 per cent, in line with market expectations.

Kiwi mortgage holders may see an increase in longer fixed term rates over the coming weeks after the US Federal Reserve lift rates this morning.

Understanding what the Fed is, and why the Fed does what it does, can be pretty complex. Here's what you need to know.

Fed ends the "zero-rate era" - signals 4 quarter-point increases for next year.

The Fed is expected to raise its benchmark interest rate this week for the first time in nearly a decade.

The Reserve Bank has cut its official cash rate by a quarter of a percentage point to 2.5 per cent, signalling a likely end to the current easing cycle.

ANZ, Westpac, Kiwibank and BNZ have now cut mortgage rates after the Reserve Bank reduced the OCR to a record low of 2.5 per cent.

NZ Dollar jumped over half a US cent to US67.30 after OCR cut to 2.50 per cent.

Do you live off savings? Or maybe paying off a mortgage? Here's why the OCR matters.

Latest QV stats: Moves by the Government and Reserve Bank to slow Auckland's heated housing market are having an effect - but not yet on prices.

Reserve Bank governor Graeme Wheeler says raising interest rates as a short-term monetary policy response to Auckland's overheated housing market is "pretty negligible".

New Zealand's banking system remains in good health, but heavily indebted dairy sector and heated property market are posing increasing risks to lenders.

Million dollar-plus properties are selling at the rate of 25 a day in NZ - 22 a day in Auckland - and at nearly double the frequency of the previous year.

The Auckland housing market slowed last month following the introduction of new restrictions, according to the latest industry figures.

"Massive" home valuation rises across the Auckland region pushed the average up 24.4 per cent annually to a new high of $918,153.

Average asking prices for Auckland homes have dropped more than $18,000 in just a month, says realestate.co.nz.

Official cash rate to remain at 2.75 per cent but bank worried about effects of China slowdown.

Zero interest rates might be around awhile longer, that was the message last week from Federal Reserve governors.