Kiwibank is being forced to follow the big banks’ lead. 

Its one-year special rate has risen 20 basis points to 4.95%, and its two-year also increased 20 points to 5.39%. 

The increase is motivated by the bank’s desire to remain competitive as wholesale borrowing costs continue to rise. 

CEO Steve Jurkovich told Mike Hosking wholesale rates have been hard to deal with, but they don’t think the Official Cash Rate needs to increase in September.  

He says putting the rate up doesn’t produce more oil or make things more settled. 

LISTEN ABOVE  

Kiwibank is being forced to follow the big banks’ lead.&nbsp;
Its one-year special rate has risen 20 basis points to 4.95%, and its two-year also increased 20 points to 5.39%.&nbsp;
The increase is motivated by the bank’s desire to remain competitive as wholesale borrowing costs continue to rise.&nbsp;
CEO Steve Jurkovich told Mike Hosking wholesale rates have been hard to deal with, but they don’t think the Official Cash Rate needs to increase in September. &nbsp;
He says putting the rate up doesn’t produce more oil or make things more settled.&nbsp;
LISTEN ABOVE &nbsp;

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Steve Jurkovich: Kiwibank CEO on the bank increasing its mortgage rates in an effort to remain competitive

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/15cc7473-0d35-49f9-ae8e-b4a30174c9dc/transcript

The All Blacks have blitzed the Sharks 54-nil at a soaked Durban to go two wins from two matches on their rugby tour of South Africa. 

New Zealand ran in eight tries, six of which came in the second half. 

Former All Black Sir John Kirwan believes the side is making progress in preparing for how to shut down the Springboks in the first test on Sunday week.  

He told Mike Hosking they’re breaking down how the South Africans play and the counters are starting to take shape – a better kicking game, kicking behind them, and trying to break down the closing of the gate defence. 

Kirwan says they’re building in the right direction. 

LISTEN ABOVE  

The All Blacks have blitzed the Sharks 54-nil at a soaked Durban to go two wins from two matches on their rugby tour of South Africa.&nbsp;
New Zealand ran in eight tries, six of which came in the second half.&nbsp;
Former All Black Sir John Kirwan believes the side is making progress in preparing for how to shut down the Springboks in the first test on Sunday week. &nbsp;
He told Mike Hosking they’re breaking down how the South Africans play and the counters are starting to take shape – a better kicking game, kicking behind them, and trying to break down the closing of the gate defence.&nbsp;
Kirwan says they’re building in the right direction.&nbsp;
LISTEN ABOVE &nbsp;

Sir John Kirwan: Former All Black on the dominant win over the Sharks, Greatest Rivalry Tour

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/3ada5c35-aa59-4757-8f3c-b4a301660861/transcript

On the Mike Hosking Breakfast Full Show Podcast for Wednesday 12th of August, former National MP Wayne Mapp and Deputy Prime Minister David Seymour talk about the damage to the National Party as the Luxon leadership speculation rolls on. 

We break down all the rumours and likely outcomes of the National Party caucus meeting – who supports Luxon, who doesn't, and if there will be a vote. 

Mark Mitchell gets put into some tough positions on Politics Wednesday while Ginny Andersen looks on gleefully. 

Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts. 

LISTEN ABOVE  

On the Mike Hosking Breakfast Full Show Podcast for Wednesday 12th of August, <a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/wayne-mapp-former-national-mp-on-luxon-calling-an-emergency-caucus-meeting-over-leadership-speculation/">former National MP Wayne Mapp</a> and <a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/david-seymour-deputy-prime-minister-and-act-leader-on-the-speculations-surrounding-the-national-party-leadership/">Deputy Prime Minister David Seymour</a> talk about the damage to the National Party as the Luxon leadership speculation rolls on.&nbsp;
We break down all the rumours and likely outcomes of the National Party caucus meeting – who supports Luxon, who doesn't, and if there will be a vote.&nbsp;
<a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/pollies-nationals-mark-mitchell-and-labours-ginny-andersen-on-the-national-leadership-speculation-labour-and-the-left-bloc/">Mark Mitchell</a> gets put into some tough positions on Politics Wednesday while Ginny Andersen looks on gleefully.&nbsp;
Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.&nbsp;
LISTEN ABOVE &nbsp;

Full Show Podcast: 12 August 2026 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d541e270-911b-4eb4-9749-b4a3015d6a66/transcript

A new restaurant for Auckland's CBD, inside the new Faradays Luxury Department Store.  

Josh and Helen Emett are opening their third CBD restaurant, called Lottie's, inside the multi-purpose development.  

The high-end space will open on Queen Street next month, seeing global brands like SKIMS debut on our shores.  

Josh Emett told Mike Hosking it's a step towards making Auckland a more international city.  

He says it's a great city and there's lots of space for this kind of growth. 

LISTEN ABOVE  

A new restaurant for Auckland's CBD, inside the new Faradays Luxury Department Store. &nbsp;
Josh and Helen Emett are opening their third CBD restaurant, called Lottie's, inside the multi-purpose development. &nbsp;
The high-end space will open on Queen Street next month, seeing global brands like SKIMS debut on our shores. &nbsp;
Josh Emett told Mike Hosking it's a step towards making Auckland a more international city. &nbsp;
He says it's a great city and there's lots of space for this kind of growth.&nbsp;
LISTEN ABOVE &nbsp;

Josh Emett: Celebrity Chef on opening their third Auckland CBD restraurant, Lottie's, inside Faradays

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/10a89d4e-8776-4930-912c-b4a301609fba/transcript

Steve Jurkovich: Kiwibank CEO on the bank increasing its mortgage rates in an effort to remain competitive

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