One and two-year mortgages are most popular again, ASB CEO Vittoria Shortt says
Of the whopping $13 billion of mortgages (including refinancing) all banks in New Zealand issued in December, 22%…
Forestry sector calls for rates cap after Wairoa block bill increases 570%
Executive director Colin Jacobs said the 570% rates increase on that one forestry block amounts to $5 million…
Far North pensioners hit by council delays to rates rebates processing
He has paid two rates bills, and a third is due on February 20. “I still haven’t got…
ANZ hikes longer-term fixed mortgage rates, increases interest rates on term deposits
Only ANZ’s six-month fixed home loan rate will fall from 5.29% to 5.09% – a decrease of 20…
Westpac hikes longer-term fixed home loan rates, cuts six-month rate
The rates for four-year terms are also increasing for both special and standard rates by 0.1%, up to…
Nicola Willis says latest inflation data a ‘blip’, but acknowledges Reserve Bank will eventually have to start hiking interest rates
Nicola Willis this morning told Parliament’s Finance and Expenditure select committee her confidence that inflation would sit within…
Danyl McLauchlan: Trouble for Winston Peters as Kiwi workers wake up to his party’s limitations
Sometimes it’s the little things – like Winston Peters’ recent rebuke of Anna Breman, the recently appointed Reserve…
Interest rate hikes to come this year – economists shift forecasts after elevated inflation
That brings them into line with market pricing. BNZ head of research Stephen Toplis described inflation as “worryingly…
Mortgage rates: Bunch of floating borrowers miss the boat on lowest rates
The reason rates rose, despite the OCR cut, was that traders in financial markets weren’t expecting the Reserve…
NZ sharemarket ends week down almost 2% – Market close
Shane Solly, portfolio manager with Harbour Asset Management, said there’s no pull-back in non-tradeable domestic inflation (at 3.5%)…
Māngere College intervention: Statutory manager appointed over poor attendance, NCEA results
A month later, the Ministry of Education appointed a limited statutory manager (LSM) to oversee the school’s board.…
CPI preview: Stubborn inflation could mean interest rates rise sooner than forecast
The main drivers of the increase would be higher prices for fuel, airfares, household energy and accommodation, and…