Savers keep waiting, as Reserve Bank’s OCR hike unlikely to push fixed interest rates much higher

Jenée TibshraenyWellington Business Editor·NZ Herald·2 Sep, 2026 11:10 PM4 mins to read‌Business editor at large Liam Dann and Investigative journalist Michael Morrah discuss the potential options. Video \ Jason DordayThe Official Cash Rate has gone up, but banks aren’t expected to rush out and lift their fixed lending and savings rates.Floating rates are a different story. They tend to move with the Official Cash Rate (OCR).Why aren’t fixed rates expected to jump? The Reserve Bank’s Monetary Policy