A special general meeting of Cape Credit Union on 30 May, saw 97 per cent of members who voted supporting the board's recommendation to merge with Community First Credit Union. A statement on the Cape website stated: "members will benefit from access to the latest banking technology, a much greater range of products and services, as well as improved pricing for investments and borrowing." Cape staff will remain. The formal transfer is expected to conclude by June 30, with the integration of systems expected to be finalised by August 2018. HSBC's 3.85 per cent home loan rate is the lowest rate in the New Zealand mortgage market for over 50 years. The rate is a special offer for new and existing HSBC Premier customers (which requires a home loan of NZ$500,000 or more, or at least 100,000 in savings and investments at HSBC). It is a fixed rate for 18 months.  Today New Zealand's Labour-led coalition government is expected to announce the terms of reference for phase two of its review of the Reserve Bank. It is expected to reveal its decision on whether to carve out the central bank's financial stability role into another or new institution. Currently the RBNZ handles both monetary policy and the financial stability responsibilities that in Australia are handled by APRA. New governor Adrian Orr has demonstrated an appetite for the banking supervision and financial stability roles he currently holds.