[What the RBNZ said] Why the cash rate stayed unchanged
The Reserve Bank left the OCR unchanged today and indicated it may stay "accomodative" for some time.
Annual consumers price inflation was slightly above the Monetary Policy Committee’s 1 to 3 percent target band at the end of 2025. Increases in food and electricity prices and local council rates were the biggest contributors to above-target inflation.
The economy is at an early stage in its recovery. With ongoing strength in commodity prices, economic activity in the agricultural...MORE»
OCR rise tipped for second half of this yearWednesday, February 18th, 6:00AM 2 comments
The NZIER monetary policy shadow board says the RBNZ should start raising the OCR in the second half of this year. MORE» |
TAP moves away from traditional aggregationTuesday, February 17th, 6:10AM 3 comments
The Adviser Platform (TAP) is moving away from being a traditional aggregator to opening up its services to anyone in the market. MORE» |
FAMNZ boss leaves
The head of adviser association, FAMNZ, is hanging up his shingle leaving the New Zealand seven months after the country head resigned.
MORE»Predictions for next week's OCR announcement
OCR expected to be held at 2.25% at first review of the year.
MORE»ASB accelerates mortgage lending and profit margins
ASB Bank continued to accelerate its mortgage lending at above its market share in the six months ended December and managed to lift its profit margin as well.
MORE»Big move back to two-year fixed interest rates
Two-year fixed interest rates surged back into popularity with home owners taking out new mortgages in December.
MORE»Challenger aims for a stake in Pepper Money
Australian annuities player, Challenger, has made an offer to acquire listed non-bank lender Pepper Money.
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