Low interest rates look set to continue as the Reserve Bank’s annual report emphasises the importance of maintaining a flexible monetary policy in the face of global economic challenges.
The RBNZ’s Annual Report 2014-15 shows that while New Zealand’s economy has performed much better than many other economies, it remains subject to major challenges in the global environment.
Governor Graeme Wheeler said international forces remain a major influence on the economy.
These include large declines in commodity prices – particularly dairy and oil, low international interest rates, and record net immigration levels...MORE»
Friday, September 25th, 1:43PM 1 comment
ANZ makes an unsolicited loan offer to a customer which is more than the borrower could afford.MORE»
Friday, September 25th, 11:40AM
Specialist lender RESIMAC has taken a bold step and decided to charge a loan processing fee when deals are lodged.MORE»
The bulk of lending to property investors will not be affected by the new loan-to-value restrictions, which come into effect from November.MORE»
Interest rates could increase at a rate that is much faster than the market expects, NZIER principal economist Aaron Drew is warning.MORE»
A six-month fixed term is the best bet for borrowers who want to slash their mortgage interest bill, economists say.MORE»
ANZ's economists all get out of bed early to hear what the US Federal Reserve had to say this morning about interest rates and the economy.MORE»
A restructure at Westpac has seen the Director of Third Party Banking role disestablished and replaced with one which combines looking after advisers and the bank's mobile mortgage managers.MORE»