ANZ, ASB and Westpac react to OCR cut: Floating, flexible loan rates down after Reserve Bank decision
ASB has also trimmed interest rates for customers, with executive general manager personal banking Adam Boyd saying there…
Big OCR cut boosts hopes for economic recovery: ‘Past the worst’
The RBNZ’s Monetary Policy Committee was cautious in highlighting that inflation risks still. It warned that annual consumers…
Armourguard challenges banks’ bid for collective cash‑in‑transit talks
He said the allowable cost would be set by a third party such as the independent economic consultancy…
‘You better buckle up’: DBS’s Tan Su Shan prepares for AI, crypto, and geopolitical change
On her mobile phone, DBS Group CEO Tan Su Shan keeps a black-and-white photograph of herself at age…
BNZ cuts mortgage rates to match rivals ahead of OCR announcement
ASB, ANZ and Westpac cut their two-year fixed rates to 4.65%. The five major banks, including Kiwibank, dropped…
Ex-Reserve Bank Governor Adrian Orr to receive $416k ‘restraint of trade’ leaving payment
“The payment is due in October 2025, conditional on the terms being met. Under s 242 of the…
ASB, Westpac cut fixed mortgage rate to 4.49%, latest banks to drop after ANZ, BNZ ahead of OCR
The move sees the bank’s fixed one-year rate drop by 26 basis points (bps). Westpac’s fixed six-month rate…
New rules for banks, IRCTC & pensions from Oct 1 | Tap to know more | Inshorts – Inshorts
New rules for banks, IRCTC & pensions from Oct 1 | Tap to know more | Inshorts InshortsIRCTC Ticketing,…
China banks on ‘super golden week’ to boost slowing consumption
Economy Officials expect 2.36bn trips over eight-day break, backed by $46m in subsidies Tourists climb a dune at…
Special investigation: What tourist levies are really being spent on
It could be a billboard shot promoting New Zealand’s adventure capital, were it not for the green tinge…
NZ sharemarket edges higher despite KMD loss, new RBNZ Governor – Market close
“There’s not a lot happening. It was a bit of a cautious handover from Wall Street, just off…
Interest rate markets raise odds of big Official Cash Rate cut in October
Before the release, BNZ was the most pessimistic of the banks with its forecast of a 0.5% decline…