Reserve Bank rate cut signals economy turning a corner, says Nicola Willis
Interest rates would only just begin flowing into the economy as people began to refix their mortgages, she…
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…
SEC’s Atkins considering roundtable on alternatives in 401(k)s, says private markets not ‘systemically important’ – Pensions & Investments
SEC’s Atkins considering roundtable on alternatives in 401(k)s, says private markets not ‘systemically important’ Pensions & InvestmentsPrivate Equity Is…
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…
Police arrest 16 in Auckland construction cash‑wage laundering probe
Seven people were taken into custody. An ongoing investigation targeting alleged money laundering using cash wages within the…
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…
NZX awaits Wednesday’s Official Cash Rate call – Market close
ASB predicts 50bp ASB Bank is expecting the Reserve Bank to reduce the OCR by 50 basis points…
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…
House prices New Zealand: Economists say Official Cash Rate cuts needed to boost market
“This also suggests that mortgage rates could have a bit further to fall yet, especially for floating or…
Mortgage rate cuts: ANZ drops fixed rate below 4.5% day after BNZ as OCR decision due next week
She said ANZ was continuing to review home loan rates in response to international and local market conditions,…
Mother of missing Auckland woman says daughter had cash when she left SkyCity, spent two hours in hotel’s basement carpark
Anderson said her daughter was suffering mental health issues and the possibility that she had cash with her…