About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Friday, December 14th, 11:53AM
rss

Articles tagged with 'Reserve Bank'

Treasury predicts OCR hike in 2020

13 December 2018 - The Treasury has followed the Reserve Bank and pushed back its prediction for the next OCR hike. The Treasury now expects the OCR will tighten from the 2020/2021 financial year, as New Zealand's major institutions forecast a lower-for-longer rate environment.

Climate change insurance threat

30 November 2018 - Sceptical about climate change? If you own coastal property it would pay not to be, both the Reserve Bank and the Insurance Council are warning.

LVR easing will prompt modest growth

28 November 2018 - Don’t expect the housing market to take off at a runaway pace following the Reserve Bank’s announcement that the LVR restrictions will be eased from early next year.

LVR loosening: advisers react

28 November 2018 - Advisers say the Reserve Bank’s decision to loosen LVR restrictions will boost homebuyers, but warn tighter credit and loan servicing conditions will restrain volumes.

LVR restrictions eased for investors

28 November 2018 - The Reserve Bank has today loosened the LVR restrictions for both investors and owners-occupiers, with changes coming into effect in January. 

LVR restrictions eased for investors and owner-occupiers

28 November 2018 - The Reserve Bank has loosened LVR restrictions, with changes coming into effect in January. Banks will be able to provide 20% of their owner-occupier loans to borrowers with a deposit of less than 20%. While lenders will be able to allocate 5% of new investor loans to borrowers with less than a 30% deposit. 

Reserve Bank to ease loan-to-value ratio restrictions

28 November 2018 - The Reserve Bank says it will ease LVR restrictions. Here's what it said with the release of today's Financial Stability Report.

First home buyers outshine investors

27 November 2018 -  Investor lending remained flat in October while first home buyers continued their strong resurgence in the property market, latest RBNZ data shows.

FSR Preview: Will the Reserve Bank loosen LVR restrictions?

27 November 2018 - The Reserve Bank will publish its latest Financial Stability Report tomorrow, with all eyes on whether it will loosen LVR restrictions. Some economists "expect" loosening, but others say recent heat in the market could cause the central bank to hold off.

Kiwis paying off loans at faster rate: Westpac

22 November 2018 - Kiwi homeowners are paying down mortgage debt at a faster rate, taking advantage of the extended period of record low interest rates, according to new figures from Westpac.

ASB predicts mild OCR cycle

19 November 2018 - ASB's quarterly outlook for the New Zealand economic predicts "sunny skies ahead", with low rates until the second half of 2020 and a peak of just 2.75% in the next OCR cycle.

Rates fall boosting housing market - Westpac

15 November 2018 - Mortgage rates have fallen to record lows recently and the housing market is perking up as result – but it won’t last, Westpac’s chief economist says.

LVR loosening under review: Bascand

14 November 2018 - Reserve Bank deputy governor Geoff Bascand says the central bank is assessing whether current LVR restrictions are appropriate, following a stabilisation in house prices and bank credit tightening.

House buyer sentiment hits 5 year high

12 November 2018 - Growing numbers of New Zealanders think the times are improving for those wanting to buy a house, ASB’s latest Housing Confidence Survey shows.

Job numbers 'cast doubt' on future OCR cut

7 November 2018 - Today's stronger than expected job numbers add further weight against the argument for an OCR cut, economists say. 

Regulators’ report puts spotlight on intermediaries

6 November 2018 - The FMA and Reserve Bank report into banking conduct and culture has raised concerns about the relationship between banks and intermediaries, in a warning sign for mortgage advisers.

Banks told: Make sure you know what advisers doing

6 November 2018 - More work is needed to ensure banks are comfortable with the quality of conversations and advice being given by advisers, the Financial Markets Authority and Reserve Bank say.

Banking review finds weaknesses on conduct

5 November 2018 - New Zealand’s banks are not guilty of widespread misconduct or poor culture issues, an FMA and Reserve Bank review has found, but lenders have been criticised for “significant weaknesses” in the way they handle staff conduct risks.

D-day looming for bank conduct report

2 November 2018 - The Financial Markets Authority (FMA) and Reserve Bank will be releasing their report into bank conduct and culture in New Zealand banks on Monday.

OCR preview survey: Economists divided on tone

2 November 2018 - Once again, no OCR changes are expected during next week’s MPS announcement. Yet economists are divided on how rising inflation will impact OCR forecasts and the governor's tone.

BNZ profits soar as home loans increase

1 November 2018 - Lender BNZ says statutory net profit rose to $1.09 billion in the year to September, a 10% increase on last year as housing lending grew by over 6%.

Investor lending falls in September

25 October 2018 - Mortgage lending to property investors fell to $1.01 billion last month amid ongoing tightening on interest-only credit, the latest Reserve Bank data shows.

Investor lending falls in September

25 October 2018 - Mortgage lending to property investors fell to $1.01 billion last month amid ongoing tightening on interest-only credit, the latest Reserve Bank data shows.

Time to ease LVRs - ANZ

24 October 2018 - The Reserve Bank’s criteria for relaxing the existing LVRs have been sufficiently met to justify easing them further, according to ANZ economists.

LVR easing talk grows

12 October 2018 - Investors might soon get a break if the Reserve Bank relaxes the LVR restrictions in its next Financial Stability Report as some economists are suggesting it will.

LVR restrictions could be cut by 5%: Kiwibank

11 October 2018 - The Reserve Bank could loosen LVR restrictions by 5% at next month’s Financial Stability Report, while 10% cut is "possible", according to Kiwibank economists.

Reserve Bank may expand dashboard to insurance

5 October 2018 - The Reserve Bank’s says the popularity of its Financial Strength Dashboard hs exceeded expectations, and it is now looking to extend it to insurance.

Today’s OCR statement

27 September 2018 - The Official Cash Rate will stay at 1.75 percent for now, the Reserve Bank has confirmed. Governor Adrian Orr continued to state the next move could be "up or down".

First home buyers strong, investors return in July

29 August 2018 - The latest Reserve Bank lending data shows first time buyer activity remained strong in July, with property investors making a tentative comeback.

OCR to peak at 2.75 percent: ASB

27 August 2018 - Economists at ASB believe New Zealand is set for a long-term low interest rate environment, with the OCR to peak at just 2.75 percent in the cycle.

ANZ predicts OCR cut

21 August 2018 - Lender ANZ has reversed its prediction for the OCR rate, predicting the central bank is “more likely” to lower the rate than increase it.

National signals opposition to monetary policy changes

26 July 2018 - National finance spokesperson Amy Adams has voiced the party’s opposition to giving the Reserve Bank a dual policy mandate.

Bank profits under pressure - KPMG

18 July 2018 - The era of record setting profits for New Zealand banks looks to be over with a new report revealing they saw a significant decline in the last quarter.

Owner occupiers better protected now: RBNZ (+ Report)

17 July 2018 - New owner-occupier mortgage holders have become less vulnerable to a housing market bust, higher interest rates or income loss since the Reserve Bank introduced the LVRs.

OCR words open door for cut

28 June 2018 - Subtle change of tone in this morning’s OCR announcement suggests the Reserve Bank may now be more willing to cut the OCR if need be, commentators say.

Mortgage lending hits two year high

28 June 2018 - Mortgage lending is flying in the face of the cooler housing market with Reserve Bank data showing May saw the highest level of new lending in nearly two years.

OCR to stay on hold

25 June 2018 - Don’t expect to see a change to the OCR this week as economists predict the Reserve Bank’s song will remain the same for a long time.

Construction slump slows GDP

22 June 2018 - A fall in construction activity contributed to a slowdown in New Zealand’s economy in the three months to March.

Latest RBNZ figures reveal first time buyer boom

24 May 2018 - Last month, first time buyers took their highest share of the mortgage lending market in over a decade, according to new figures from the Reserve Bank.

Insurers next for regulatory scrutiny

24 May 2018 - [UPDATED] New Zealand's life insurers are now being asked to show what they are doing to identify issues of misconduct within their organisations.

Royal Commission triggers letter to insurers from FMA and RBNZ

24 May 2018 - The FMA and the RBNZ have sent the letter below to the chief executives of New Zealand’s licensed life insurers

Orr’s debut on target

11 May 2018 - New Reserve Bank governor Adrian Orr stamped his own mark on how the central bank will operate under his tenure. Miriam Bell reviews the new-look approach.

Applause for OCR call

10 May 2018 - New Reserve Bank Governor Adrian Orr has earned plaudits from economists for his first OCR announcement this morning – even though the decision itself was not a surprise.

All eyes on Orr in lead-up to OCR call

4 May 2018 - Thursday’s monetary policy statement (MPS) is the most keenly anticipated Reserve Bank outing in many months – but it’s due to the new Governor, not the OCR outlook.

LVR changes impact on lending

27 March 2018 - The slight easing of the LVRs appears to be encouraging investors into mortgages with new Reserve Bank data showing a pick-up in lending to investors.

No need to fear RBNZ’s new PTA

26 March 2018 - The Reserve Bank will now have to consider employment outcomes when setting monetary policy but this may have less impact than feared, experts say.

Spirit of caution in OCR call

22 March 2018 - Don’t expect interest rates to start rising anytime soon as the Reserve Bank’s decision to leave the OCR at 1.75% today makes it clear they remain on hold.

OCR call takes backseat

16 March 2018 - Changes are looming for the Reserve Bank and that has pushed OCR decisions into the background – despite a pending announcement next week.

Low interest rates set to continue

8 February 2018 - Interest rates look set to remain low for a considerable amount of time following the Reserve Bank’s Monetary Policy Statement (MPS) and OCR call this morning.

OCR holding pattern to continue

2 February 2018 - Measured restraint will be the tone of the Reserve Bank’s Monetary Policy Statement next week, with economists unanimously expecting the OCR to stay on hold.

New low for investor mortgage share

30 January 2018 - Investors are continuing to feel the pinch of policy restraints with new data showing another drop in their take up of new mortgage lending.

Mortgage lending bounces back up

22 December 2017 - There’s evidence of the housing market’s Spring rebound in the Reserve Bank’s latest mortgage lending data – but it’s not property investors who have significantly upped their borrowing.

Nearing an end to the NZ Goldilocks?

12 December 2017 - Markets, both in New Zealand and globally, have experienced "goldilocks" conditions for the past five years of low inflation and solid economic growth.

New RBNZ Governor announced

11 December 2017 - NZ Super Fund CEO Adrian Orr will be the new Reserve Bank Governor from 27 March 2018, Finance Minister Grant Robertson announced today.

Inflation problem for RBNZ

5 December 2017 - If inflation doesn’t pick up by late 2018 interest rate cuts could again be on the cards, according to the Reserve Bank.

LVR changes won’t prompt market frenzy

4 December 2017 - The Reserve Bank’s easing of the LVRs could give some upward momentum to house prices but economists are not expecting the market to take off again.

DTI proposal on hold

29 November 2017 - Controversial debt-to-income ratios (DTIs) have been put on the back-burner by the Reserve Bank – for the foreseeable future.

LVR easing sooner than expected

29 November 2017 - The Reserve Bank’s decision to start relaxing the LVR restrictions early next year, which was announced in today’s Financial Stability Report, has taken economists by surprise.

RBNZ to ease LVR restrictions

29 November 2017 - The Reserve Bank says it will make some slight easing of the LVR restrictions from January 1. 

LVR speculation rife ahead of FSR

28 November 2017 - Expectations that the Reserve Bank might loosen the LVRs in this week’s Financial Stability Report (FSR) are running high, but economists don’t think it will happen – yet.

Staunch opposition to DTI proposal

24 November 2017 - Opposition to the inclusion of debt-to-income ratios (DTIs) in the Reserve Bank’s macro prudential tool kit is widespread, the bank’s own consultation reveals.

Bank credit rationing a myth: Healy

24 November 2017 - The common refrain heard from mortgage advisers is that banks are rationing credit, making it hard to get mortgages approved. But banks deny that's happening and blame the Reserve Bank.

Economic outlook still positive: ASB

15 November 2017 - Investors are being told to expect less economic growth over the second-half of the year – but the slowdown should not last.

What the Governor said today

9 November 2017 - The Reserve Bank has made its final Official Cash Rate Call for the year, here is what the bank had to say about interest rates.

Westpac says advisers important, but...

8 November 2017 - Westpac CEO David McLean explains the bank's latest profit figures, why it won't do loans over 80%, the outlook for the housing market and the importance of mortgage advisers.

Reserve Bank changes 'not radical'

8 November 2017 - The Government is set to introduce an employment objective for the Reserve Bank but that is unlikely to affect the future direction of interest rates.

Time for Normalisation?

6 November 2017 - BNZ Head of Research Stephen Toplis contemplates the Reserve Bank's next move and suggests maybe it it time for normalisation.

OCR stable . . . for now

3 November 2017 - [OCR Preview] Economists are confident the Reserve Bank won't move the Official Cash Rate off it's historical lows next week, but there is an emerging divergence of views about what will happen in the future now there is a new government in power.

Investors search for income

2 November 2017 - More investors are looking for products that produce income in retirement, as low interest rates persist.

Commerce Commission: No issues for Sovereign

26 October 2017 - The Commerce Commission has signalled it sees no problems with AIA’s move to buy Sovereign in New Zealand.

FSLAB could be slower

24 October 2017 - Progress of the Financial Services Legislation Amendment Bill may be slower under the new Labour-led government than it might have been under National.

Looking ahead with new government

20 October 2017 - New Zealand’s new government will be a Labour-NZ First coalition, supported by the Green Party, and that means changes are looming that advisers need to be aware of.

Ralph Stewart's Lifetime picks up former Tower business

6 October 2017 - Ralph Stewart's variable annuities business,  Lifetime Income, has acquired a book of policies from the old TOWER Insurance business.

Growth outlook overshadows OCR call

28 September 2017 - New Zealand’s lower economic growth was acknowledged by the Reserve Bank in its OCR statement today – which means there's a chance their next call could be more doveish.

RBNZ announces OCR decision

28 September 2017 - Acting governor Grant Spencer reveals what was behind the Reserve Bank's decision.

Caution to dictate OCR call this week

25 September 2017 - Uncertainty is bubbling beneath the surface of monetary policy but, despite this, economists expect the Reserve Bank to leave the OCR on hold at 1.75% this week.

Peters as Kingmaker: What next for investors?

25 September 2017 - New Zealand may be on tenterhooks waiting for New Zealand First leader Winston Peters' coalition decision, but investors do not have cause to worry ... yet, commentators say.

Labour would change Reserve Bank - so what?

21 September 2017 - A change of government this weekend could mean a new direction for the Reserve Bank and another element for investors to understand.

No case to end LVRs – S&P

14 September 2017 - There is no case for the Reserve Bank to relax the LVRs as the housing market remains a risk to New Zealand’s banking system, according to Standard & Poors.

Kiwibank's IT work-in-progress proves costly

1 September 2017 - Kiwibank’s profit has tumbled more than 50%, largely due to an impairment charge relating to an IT project that may fail to keep up with the pace of customer behaviour change.

LVRs still needed - RBNZ

30 August 2017 - The Reserve Bank’s LVRs are not expected to be a permanent measure but they are not going to be removed in the near future, outgoing Governor Graeme Wheeler said in a speech today.

Softer market better time to buy

25 August 2017 - Good news for advisers: softer price growth is starting to improve perceptions of whether it is a bad time to buy a house, a new survey suggests.

Investor lending exodus

25 August 2017 - It is investors, not first home buyers, who are bearing the brunt of the LVRs and retreating from the borrowing arena, new Reserve Bank data shows.

LVRs are not going anywhere

21 August 2017 - There is no compelling case to roll back the Reserve Bank’s LVRs despite the slowing of the housing market, according to Westpac economists.

Getting to Know: Peter Neilson

18 August 2017 - Peter Neilson was the chair of the Financial Services Council until insurers quit in revolt over a report into insurance commissions, and was the Associate Minister of Finance during the sharemarket crash. Here, he talks about why advisers should be more like surgeons.

PM rules out DTI ratio idea

16 August 2017 - Prime Minister Bill English has ruled out allowing the Reserve Bank to bring in debt-to-income ratios. It had suggested limiting loans to no more than five times borrowers’ incomes.

No dovish nod to future for RBNZ

10 August 2017 - The Reserve Bank’s OCR statement made it clear hikes are a long way off but its tone was still far less dovish than economists were expecting.

OCR and MPS: What the Governor said

10 August 2017 - The Reserve Bank has left the official cash rate at 1.75%, and says is it likely to stay there for "a considerable period". Here is what the governor, Graeme Wheeler said.

OCR unchanged: Details here

10 August 2017 - Here is what the Reserve Bank governor Graeme Wheeler had to say in his last OCR announcement [Read on] Reminder: Good Returns will be live streaming...

ASB lauds fixed rate rollovers

9 August 2017 - ASB talked up its investments in digital technology, such as its fixed rate rollover tool, when it announced its first-ever $1 billion profit, but one of its first ventures into offering new services to customers looks doomed.

Future could hold OCR cuts

6 August 2017 - Think the OCR will stay on hold this week? So do economists – but some also say there is growing scope for the Reserve Bank to cut again.

Insurers worry about change: Report

4 August 2017 - New Zealand insurers rank around the bottom quartile of the world when it comes to preparedness for the changes transforming the industry, PwC’s latest report shows.

Partners Life profit flat on back of continued growth

1 August 2017 - Partners Life has reported a flat profit for the year to March 31, even though premium revenue has continued to grow.

SBS eyes partnership with mortgage advisers

1 August 2017 - The bank says around a third of its business now comes from advisers and chief executive Shaun Drylie gives his views on commission models.

Bumpy lending ride continues

26 July 2017 - Evidence that investors dependent on mortgages are exiting the property market in significant numbers looms large in the latest Reserve Bank data.

Get real!

17 July 2017 - It is now nearly a decade since the GFC. Returns have been very acceptable across most asset classes over this period.

SBS eyes 'partnership' with mortgage advisers

14 July 2017 - The bank says around a third of its business now comes from advisers and chief executive Shaun Drylie gives his views on commission models.

Hawkish talk foreshadows rate rises

5 July 2017 - Tightening talk is coming from central banks around the world – although not New Zealand’s – and that means more interest rate movement is on the cards.

Insurers could do better: FSC

3 July 2017 - Insurers have work to do to better comply with their disclosure requirements, the Financial Services Council says.

Investor lending decline continues (+GRAPH)

28 June 2017 - Investors’ share of new mortgage lending dropped again in May although the amounts loaned were up, new Reserve Bank lending data reveals.

Game of watch and wait for OCR

22 June 2017 - Watchful caution is guiding the Reserve Bank’s policy so it will need strong evidence before it makes any change to the OCR, economists say in response to this morning’s OCR call.

FMA appoints board member

20 June 2017 - Commerce Minister Jacqui Dean has revealed a new Financial Markets Authority appointment.

Verdict in on this week's OCR call

16 June 2017 - Any change to the OCR on Thursday would stun economists who are unanimous in thinking that it will be left firmly on hold.

DTIs would cut thousands out of market

8 June 2017 - Around 11,000 people a year could be prevented from buying properties if the Reserve Bank was to deploy debt-to-income ratios (DTI), the Bank has estimated.

RBNZ renews push for DTIs

31 May 2017 - UPDATED: Ongoing risks posed by the housing market mean the Reserve Bank is set to start consulting on the addition of debt-to-income ratios (DTIs) to its policy toolkit.

Investor lending remains in check

24 May 2017 - Restraints on the housing market are still doing their job with new residential mortgage lending down again in April, according to the Reserve Bank’s latest lending data.

Surprise at RBNZ’s OCR outlook

11 May 2017 - The Reserve Bank’s decision to hold the OCR at 1.75% was expected, but economists are surprised at its projection the OCR will remain on hold until late 2019.

Bascand takes financial stability

26 April 2017 - Reserve Bank deputy governor Geoff Bascand will take over the financial stability function while Grant Spencer fills in as governor from September.  

Interest-only loans come under the spotlight

11 April 2017 - Australia’s interest-only loan crackdown could lead to a tightening up on the rules in New Zealand.

Major changes for Reserve Bank?

10 April 2017 - Interest rate decisions could soon be made somewhat differently after both National and Labour suggest changes for the Reserve Bank are on the cards.

Lending growth will slow – S&P

6 April 2017 - Recent increases in mortgage rates are set to continue, but this will help ease the risks house price inflation poses to New Zealand banks, Standard & Poors says.

Reaction: OCR - 'Nothing to see here'

23 March 2017 - Interest rates look set to remain low for some time following a Reserve Bank OCR announcement this morning which was as expected and determinedly neutral, according to economists.

OCR left on hold: Here's why

23 March 2017 - The Reserve Bank today left the Official Cash Rate unchanged at 1.75 percent, stating monetary policy will remain accommodative for a considerable period.

Next to no chance of OCR cut

17 March 2017 - Spotting the difference will be the name of the game in next week’s OCR announcement – with economists across the board agreeing the Reserve Bank will make no changes.

Auckland affordability a credit negative - Moodys

8 March 2017 - Poor housing affordability in Auckland is a credit negative for New Zealand covered bonds backed by mortgages in the city, according to a global ratings service.

DTIs should be in RBNZ toolkit - IMF

7 March 2017 - Debt-to-income ratios (DTIs) and the redirection of tax incentives away from housing would help tackle the risks posed by New Zealand’s housing market, the IMF says.

Decline in investor lending continues

27 February 2017 - Ongoing downward trend in investor lending is exposed by the Reserve Bank’s latest mortgage lending data, which highlights the housing market’s slowdown.

Volatility leads to tighter lending environment

16 February 2017 - Expect slower lending growth and rising interest rates this year as banks respond to developments in 2016, the latest KPMG Financial Institutions Performance Survey says.

DTIs not needed right now - RBNZ

9 February 2017 - The Reserve Bank would not implement controversial debt-to-income ratios (DTIs) right now if it had them in its macro-prudential toolkit, the bank’s governor says.

OCR hike expectations premature

9 February 2017 - Markets have got ahead of themselves in OCR hike expectations – and the Reserve Bank’s OCR announcement this morning makes that clear, the experts say.

DTIs cost benefit analysis ordered

8 February 2017 - Another obstacle has been placed in the Reserve Bank’s path towards the introduction of debt-to-income ratios (DTIs).

Uncertainty over future RBNZ policy

8 February 2017 - Future Reserve Bank policy targets – and their wider impact - is the topic on many lips following the announcement the bank’s governor will step down...

Questions over future RBNZ policy

8 February 2017 - Future Reserve Bank policy targets – and their wider impact - is the topic on many lips following the announcement the bank’s governor will step down later this year.

Reserve Bank Governor not seeking another term

7 February 2017 - Reserve Bank Governor Graeme Wheeler today announced that he will not be seeking a second term as Governor when his current term ends on September 26, this year.

Reserve Bank Governor not seeking another term

7 February 2017 - Reserve Bank Governor Graeme Wheeler today announced that he will not be seeking a second term as Governor when his current term ends on September 26, this year.

OCR cut not expected

3 February 2017 - It’s a unanimous verdict: economists en masse expect the OCR to stay on hold next week – and for many months after that.

Quiet on the investor lending front

31 January 2017 - Investor lending activity is clearly more subdued reveals the latest mortgage lending data, which adds emphasis to the picture of a much slower housing market.

OCR hike to come - later

24 January 2017 - The Reserve Bank’s next OCR move is likely to be up – although it won't be for a while, a new HSBC report says.

Surprise spike in mortgage lending

21 December 2016 - Evidence that the effect of the latest LVR restrictions might be diminishing comes in new data which reveals a big jump in mortgage lending – including to investors.

OCR hikes on the horizon

21 December 2016 - The OCR has troughed and the risks are now skewed to OCR hikes from the middle of next year, according to one major bank.

Fed move will boost NZ rates

15 December 2016 - Mortgage rates are set to continue on their slow upward trajectory – after getting added impetus from the first US Federal Reserve rate increase in a year.

DTIs hit stumbling block

14 December 2016 - Prospective debt-to-income ratios (DTIs) have hit a stumbling block on the road to their arrival due to Finance Minister Bill English’s ascension to...

Progress of DTIs stalls

13 December 2016 - Prospective debt-to-income ratios (DTIs) have hit a stumbling block on the road to their arrival due to Finance Minister Bill English’s ascension to Prime Minister.

Housing market NZ’s biggest domestic risk - RBNZ

8 December 2016 - New Zealand’s highly charged housing market is the biggest domestic economic risk facing the country but no change to the OCR is on the horizon, the Reserve Bank governor says.

TSB cops formal AML warning

7 December 2016 - The Reserve Bank has given TSB a formal warning over its AML obligations. "The Reserve Bank has reasonable grounds to believe that between 30 June 2013...

Mortgage group writes to Finance Minister about DTIs

3 December 2016 - The head of the Mortgage Supply Group, Jenny Campbell, has written to Finance Minister Bill English arguing that debt to income ratios are unnecessary.

Addressing housing market risks - RBNZ

1 December 2016 - Housing market risks continue to bother the Reserve Bank and this means they are still considering further macro-prudential tools. Read more.  ...

DTIs not in the near future - economists

30 November 2016 - Concerns about the increase in debt relative to incomes mean the Reserve Bank want the tools to address the issue, but economists don't expect to see them introduced anytime soon.

RBNZ asks for DTI tools

30 November 2016 - [UPDATED] The Reserve Bank has officially asked the Government for debt to income restriction tools, although it has no plans to immediately deploy them. Includes ASB comments.

Downbound trend for investor lending

24 November 2016 - There is now little doubt that the new LVR restrictions are having a significant impact on property investor activity, with lending in this area slumping to new lows.

Post-earthquake OCR cut unlikely

18 November 2016 - Don’t expect the Reserve Bank to cut the OCR again following the earthquakes earlier this week - despite the damage and disruption they have caused, economists say.

Rates won't fall on back of OCR cut

11 November 2016 - Although the Reserve Bank cut the official cash rate to a historical low of 1.75% none of the banks have passed on any of this decrease to customers. Read...

DTIs not on the cards yet - RBNZ

10 November 2016 - The Reserve Bank might want debt-to-income ratios (DTIs) as part of its arsenal but it doesn’t intend to introduce them into the regulatory mix at this stage.

US election casts shadow over OCR response

10 November 2016 - Spectre of US election result looms over reaction to this morning’s OCR cut, but economists say it is too soon to say what impact it might have on the Reserve Bank’s future moves.

OCR cut no surprise

10 November 2016 - Reserve Bank switches to a more neutral stance as it cuts interest rates.

What the Reserve Bank said today

10 November 2016 - The Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points to 1.75%.

RBNZ cuts rates - here's what they said

10 November 2016 - The Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points to 1.75%.  [READ ON] ...

OCR to hit lowest point this week

4 November 2016 - A historic low is looming for the OCR this week but it could be the trough of the cycle, with most economists predicting the cut will be the last.

Inflation pressure off - slightly

3 November 2016 - Pressure on the Reserve Bank to keep cutting the OCR has been alleviated by the results of the Bank’s latest inflation expectations survey. Read more...

Inflation pressure off - slightly

2 November 2016 - Pressure on the Reserve Bank to keep cutting the OCR has been alleviated by the results of the Bank’s latest inflation expectations survey.

Fall in investor lending continues

27 October 2016 - New investor-focused LVRs have led to a free fall in bank lending to investors, the Reserve Bank’s latest mortgage lending data reveals.

Next OCR cut to be the last - ANZ

26 October 2016 - The OCR should trough at 1.75% in November as the Reserve Bank’s next cut is likely to be the last one in the current cycle, ANZ has suggested.

Prospect of DTIs looms larger

25 October 2016 - Controversial debt-to-income ratios (DTIs) have moved a step closer.

OCR projections replace 90-day bank bill rate

25 October 2016 - Greater clarity should come from the Reserve Bank decision to replace the 90-day bank bill rate with OCR tracking projections in its monetary policy statements (MPS).

Inflation result won’t stop OCR cut

18 October 2016 - Inflation was slightly above forecasts in the September quarter, but the result is not likely to deter the Reserve Bank from cutting the OCR next month.

RBNZ signals more cuts on way

12 October 2016 - More interest rate cuts are probably on the way, the Reserve Bank has signalled. Read more.  ...

Tough lending times for investors

11 October 2016 - Funding costs are getting steeper for investors as banks charge higher margins and the lending environment tightens, mortgage brokers are warning.

Carr steps down as RBNZ chair

27 September 2016 - Former acting governor Rod Carr has stepped down as chair of the Reserve Bank board of directors.

Steep decline in investor lending

26 September 2016 - New Reserve Bank mortgage lending data leaves little doubt that the new investor-targeted LVRs have had a significant impact on bank lending to investors - lending to Auckland landlords dropped by almost 20%.

Central banks not ready to throw in the towel

26 September 2016 - Markets digested a flurry of central bank announcements this week, which all reiterated the determination to lift CPI inflation to targets; with no real signs that central banks have given up on the need for monetary stimulus.

OCR call sticks to the script

22 September 2016 - Keeping the OCR on hold was the move expected of the Reserve Bank today, but economists say it means there will be another cut in November.

What the Reserve Bank said today

22 September 2016 -    The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.0 percent. Global growth is below trend despite being supported by...

OCR cut not on the cards - yet

16 September 2016 - Don’t expect another OCR cut this week: economists are uniformly predicting the Reserve Bank will leave the OCR on hold, but cut later this year.

LVR rules clarified

6 September 2016 - The Reserve Bank has just confirmed the new LVR rules with the release of its response to submissions received during the consultation period on them....

New LVR rules clarified, confirmed

5 September 2016 - Greater clarification of the details surrounding new lending requirements has come today with the Reserve Bank’s confirmation of its latest investor-targeted LVRs.

Drop in rates unlikely - ANZ

2 September 2016 - The Reserve Bank is likely to cut the OCR further, but borrowers shouldn’t expect mortgage rates to keep pace with the cuts, it has been suggested. Read...

Lower mortgage rates unlikely - ANZ

1 September 2016 - The Reserve Bank is likely to cut the OCR further, but borrowers shouldn’t expect mortgage rates to keep pace with the cuts, it has been suggested.

Rising pressures impact on Kiwibank

26 August 2016 - Competitive market and increasing funding costs mean Kiwibank has experienced a small drop in its annual after tax profits.

Looming LVRs impact on mortgage lending

24 August 2016 - New LVR restrictions seem to be affecting mortgage demand already, with the Reserve Bank’s latest residential lending data showing a big dip in mortgage lending

OCR cuts forecast for November

24 August 2016 - Further OCR cuts are looming strongly on the horizon in the wake of the Reserve Bank’s speech yesterday, economists have said. Read more.  ...

Expect OCR cut in November - economists

24 August 2016 - Further OCR cuts are looming strongly on the horizon in the wake of the Reserve Bank’s speech yesterday, economists have said.

House prices growing risk for banks – S&P

23 August 2016 - Skyrocketing house prices mean New Zealand banks are facing increased economic risks and will now have higher risk weights, a global ratings agency has said.

RBNZ defends OCR cuts

23 August 2016 - Lowering the OCR risks further fuelling house price growth but the Reserve Bank believes it has been a necessary trade-off to prevent a decline in inflation...

Reserve Bank defends interest rate stance

23 August 2016 - Lowering the OCR risks further fuelling house price growth but the Reserve Bank believes it has been a necessary trade-off to prevent a decline in inflation expectations.

Finding solutions to 60% LVRs

22 August 2016 - The Reserve Bank’s new investor-targeted LVR rules come into effect on 1 October, but there are solutions to the restrictions for investors willing to think laterally.

New LVR start date delayed

12 August 2016 - The Reserve Bank has delayed the start date of new LVRs aimed at investors from 1 September to 1 October 2016, following banking industry feedback.

Borrowers unlikely to see full cut

11 August 2016 - Reserve Bank expects this morning’s OCR cut to be passed on to, but that's unlikely to happen. ANZ has already said it is only passing on one fifth of the central bank's cut to its customers.

More cuts on the horizon

11 August 2016 - Lack of surprise greeted the Reserve Bank’s OCR cut today and economists say further cuts have now been clearly signposted.

Little doubt OCR cut coming

5 August 2016 - Rare consensus reigns on the OCR forecast front with economists across the board expecting the Reserve Bank to cut the OCR next week.

Apartment size key to future lending

4 August 2016 - Smaller, cheaper apartments will be part of Auckland’s future, under the Unitary Plan, but experts say banks apartment lending criteria could be a problem.

LVR to target bank risk, not prices

4 August 2016 - Reducing the risks to banks, rather than dramatic house price correction, is the likely outcome of the Reserve Bank’s new LVRs, financial experts say...

Fall in mortgage lending

27 July 2016 - Drop in new mortgage lending in June’s Reserve Bank data suggests slowing demand – and it occurred before last week’s announcement that further LVR restrictions are coming.

Reserve Bank signals more OCR cuts

21 July 2016 - The Reserve Bank says more official cash rate cuts are likely as it fights to get inflation into its target range.

New lending rules shuts young people out

20 July 2016 - New Reserve Bank rules to limit lending to property investors will stop young people becoming landlords, but won’t do anything to stop those who have...

Reserve Bank targets investor lending

19 July 2016 - The Reserve Bank has today released a consultation paper proposing changes to loan-to-value restrictions (LVRs) to further reduce risks to financial stability arising from the current boom in house prices.

Odds on for an August cut

18 July 2016 - Lower than expected inflation has economists predicting another cut to the official cash rate.

How OCR decisions are made

18 July 2016 - Assistant Reserve Bank Governor John McDermott has explained how the bank formulates and assess monetary policy and comes to its OCR decisions. Read here...

How the Reserve Bank makes OCR decisions

18 July 2016 - Assistant Reserve Bank Governor John McDermott has explained how the bank formulates and assess monetary policy and comes to its OCR decisions.

Future OCR cuts dependent on inflation

7 July 2016 - Persistently subdued inflation means a further OCR cut looks likely, but economists are suggesting that the tide may have turned on multiple cuts.

Expert urges 'crashing' the market

7 July 2016 - More confirmation SuperCity prices continue to go up is in Barfoot & Thompson’s June data – and a former Reserve Bank chief economist is advocating...

Mortgage lending hits record high

27 June 2016 - Mortgage lending was up again in May and nearly half of it was in interest only loans, the Reserve Bank’s new, more detailed lending data reveals.

Brexit means August OCR cut likely

27 June 2016 - It’s early days yet but economists agree that Brexit has upped the odds for the Reserve Bank to cut the OCR in August.

More on OCR announcement plus Live Webcast

9 June 2016 - If you would like to watch the Reserve Bank press conference on today's OCR announcement tune in here. For more on the bank's decision to leave the OCR...

Financial stability reason for unchanged OCR

9 June 2016 - The Reserve Bank may have left the OCR unchanged – due to a more upbeat economic assessment - this morning, but economists continue to expect a further cut to come.

Official Cash Rate left unchanged

9 June 2016 - The Reserve Bank today left the Official Cash Rate unchanged at 2.25%. Here's what Governor Graeme Wheeler said...

OCR calls favour hold

3 June 2016 - Not so long ago most economists were picking that another OCR cut would be announced at next week’s Reserve Bank meeting, but now the mood has changed.

No rush to cut OCR

1 June 2016 - A lack of inflation pressures still points to low interest rates for an extended period, according to Harbour Asset Management. Read their OCR analysis...

Less urgency to cut OCR but bias remains

31 May 2016 - "Prediction is very difficult, especially if it's about the future." - Niels Bohr

HSBC: OCR holding till August

31 May 2016 - Strong growth and a booming housing market mean that HSBC now expects the Reserve Bank to hold off on an OCR cut until August. Read more.  ...

OCR on hold till August - HSBC

30 May 2016 - Strong growth and a booming housing market mean that HSBC now expects the Reserve Bank to hold off on an OCR cut until August.

Budget unlikely to change Reserve Bank views

27 May 2016 - It’s been described as a no surprises, boring Budget, but what might Budget 2016 mean for interest rates?

Investors’ mortgage lending share up

26 May 2016 - New Reserve Bank lending data leaves little doubt that investors are busy in the current market.

The Co-Op Bank makes changes

25 May 2016 - The Co-Operative Bank has cut both its six month and two year rates. Here's how its six-month rate stacks up ...

Tactical guessing game

24 May 2016 - Reasons for the Reserve Bank not to cut the OCR in June are compelling but it’s a guessing game, according to some economists.

Investors brace for higher interest rates

24 May 2016 - Property investors need to be prepared to pay higher interest rates on their loans in response to changes made by the Reserve Bank. Read more.  ...

June cut speculation

23 May 2016 - Low inflation expectations are feeding OCR projections of a June cut, but it’s still possible other factors may edge that timing out. Read here.  ...

Expect more lending restrictions soon

17 May 2016 - New macro-prudential measures to curb the housing market could be introduced within the next three months, one bank economist has suggested.

LVR measures looming

12 May 2016 - Further LVR restrictions may be off the table for the time being, but economists still believe more macro-prudential measures are on the way. Read here...

RBNZ having second thoughts

11 May 2016 - The main event for the month was the RBNZ’s April OCR Review, coming hot on the heels of its March decision to cut the OCR to 2.25% that took many local economists by surprise.

Housing market still RBNZ's headache

11 May 2016 - The Reserve Bank is still worried about the housing market, particularly in Auckland, but has decided not to impose any further lending restrictions -...

OCR hold right call – for now

28 April 2016 - Leaving the OCR on hold today was the right decision, but there will be further cuts down the track, economists say.

OCR held: What the Reserve Bank said

28 April 2016 - The Reserve Bank today left the Official Cash Rate unchanged at 2.25%.

IMF to assess New Zealand

27 April 2016 - Reserve Bank oversight of the New Zealand insurance and banking sectors, and Financial Markets Authority regulation of the markets, are to be assessed by the International Monetary Fund.

All tags:

ACC accountants Accuro Active v Passive Adrian Orr Advice First Aegis AFA affordability AIA Alistair Bean AM Best AML AMP AMP Capital Andrew Barnes Andrew Bascand Angus Dale-Jones annuities Anthony Edmonds Anthony Healy ANZ Aon Hewitt Apartments APIA Apteryx artificial intelligence ASB ASIC asset allocation Asset Finance Asteron ASX Auckland Augusta Avanti average price BAA Bagrie Economics Bancorp Treasury Services banks Barbara Chapman Barfoot & Thompson Barry Read Bath Street Bennelong Better Business Conference bitcoin Blackstone Blackwell Global Blair Vernon Bluestone BNP Paribas BNZ body corporates bonds Booster Bradley Nuttall Brent Sheather Brexit Brian Gaynor Bridgecorp Bruce Kerr BT Funds Budget building business insurance camelot Canterbury Mortgage Trust capital gains tax Carey Brunel Castle Point Centastone CFA CFP CGT Chapman Tripp China Churn Cigna CIO Claire Matthews Clayton Copplestone client engagement client first CLU co-op money Code Code Committee Code Working Group Commentary commerce commission commercial property Commission Commission for Financial Capability communication complaints complectus compliance conduct consents Consilium Constellation Capital CoreLogic court CPD Craigs Investment Partners Cressida cryptocurrency currency Daintree Dale-Jones Darren Gannon David Beattie David Boyle David Hisco David Ireland David Whyte de Vere Dealer Groups decumulation Deutsche Bank Devon FM DIMS Disclosure disputes Diversified Investment Strategies DTIs Dundas EBT Capital Elevation equities ESG estate planning ETFs ethics FADC Fairway FANZ FATCA Federal Reserve fees FGG Fidelity Life Fiducian File Invite finance companies Financial Advice New Zealand financial advisers Financial Advisers Act Financial Disputes Resolution Financial Markets Conduct Act Financial Services Legislation Amendment Bill fintech First Mortgage Trust Fisher Funds Fixed interest FMA FMOY FMT FNZ FNZC foreign investment Forsyth Barr Foundation Life Foundry AM FPSB fraud Fred Dodds FSC FSCL FSF FSLAB FSPR funds management FundSource FX Garrison Bridge General Finance Generate Geneva George Kerr Getting to Know GFNZ Global Financial Services Global Pacific GMI gold goldman sachs Graeme Wheeler Grosvenor Financial Services GRTV GST Guardian Trust Hamilton Hindin Greene Hanover Harbour Asset Management Harmoney health insurance Heartland Heathcote HER HFANZ Hobson Wealth house insurance house prices housing market housing shortage HSBC Hubbard Hunter Hall IDS IFA IFSO IML Implemented Investment Solutions Income Protection Infinz Infrastructure insurance Insurance Advisers insurance law interest rates investment InvestNow IOOF IPO IRD ISO Jack Regan Jacqui Dean Janus Henderson JBWere Jeff Page Jenny Campbell JMIS Jobline John Berry John Body John Bolton Jon-Paul Hale Juno Katrina Shanks Kepa King Tide kiwi wealth Kiwibank KiwiSaver KPMG Kris Faafoi landlords Lawyers LBA Lending Lending Crowd LendMe letting fees Liberty Life insurance LifeDirect Lifetime Listed trusts listings LM Investment Management Loan Market Loss of earnings LVR Macro Prudential Tools Magellan managed funds Mark Lister Mark Wilson Market Close Market Manipulation marketing Markets Massey University\ MDRT median price median rents Mercer Michael Naylor migration Mike Moore Mike Pero Mike Taylor Milford Asset Management Milton Jennings Mint Asset Management MJW MJW Report MoBIE Morningstar Mortgage Advisers Mortgage Express Mortgage Link Mortgage People Mortgage Rates Mortgage Supply mortgages MTF MunichRe Murray Weatherston Nadine Tereora Naomi Ballantyne new listings Newpark Newton Ross nib Nigel Tate Nikko AM non-bank lenders non-disclosure Norman Stacy NZ Funds NZ Home Loans NZ Super NZ Super Fund NZAM NZCU Baywide NZFSG NZHL NZIG NZSA NZX Obituaries OCR OCR forecasts OnePath Opinion PAA PAA Holiday Homes Partners Life Pathfinder Asset Management Paul Glass Paul Goldsmith PDS Peer to Peer Lending pension transfers people Performance fees Perpetual Guardian Peter Leitch PGC PI PIE pie funds PIMCO Pinnacle Life Pivotal Planet Platinum Asset Management Plus 4 Plus4 Insurance PM Capital PMG politics ponzi PreferredNZ price fixing price growth Private equity pro-bono Professional Advisers Associations Professional Development professional indemnity Professional IQ Property Council property investment property management property values Public Trust PwC Q Group QBE QFE QROPS qualifications quality mark QuaySt Quotemonster QV RaboDirect Ralph Stewart rates Ratings RBNZ real estate Rebecca Thomas recruitment registered financial advisers regulation REINZ Remarkable Capital rental market rental returns rents research Reserve Bank RESIMAC responsible investing Responsible lending retirement Retirement Income Group reverse mortgages RFA Richard James risk risk management Rob Everett Rob Hennin roboadvice Rod Severn Rosemary Hassan Ross Asset Management Royal Commission RTA Russell Hutchinson Russell Investments S&P sales activity Salt AM Sam Stubbs Saturn SBS Select Investments Senior Trust serious fraud office Share Sharon Zollner Shaun Drylie SiFA Simon Botherway Simon Fisher Simon Hassan Simplicity Situations Vacant Smartshares soft commission Southern Cross Sovereign Spicers Sponsored Content Squirrel SRI Stats NZ Steve Jurkovich Stewart Group Strategi Strategy Financial succession Sue Brown Suncorp superannuation Superlife SuperRatings Symon Brewis-Weston Synergy tax tax working group technology tenancy reform term deposits The Answers The Co-operative Bank TMM Opinion Tony Mount Totara Wealth Management Tower Life TPD Trade Me Property Trauma Travel insurance Trevor Slater Triple A TripleA triplejump Trustee Partners Trustees Executors trusts TSB Turners UDC UK Pension Transfers Underwriting Unit Titles Unitary Plan value growth Van Eyk Vanguard Variable Annuities vertical integration Volo Webinars Westpac wholesale workplace savings nz Wrap Platforms WRF WSNZ yield Youi

News Bites
Latest Comments
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.79 4.55 4.79 4.99
ANZ Special - 4.05 4.29 4.49
ASB Bank 5.80 4.44 4.69 4.89
ASB Bank Special - 3.95 4.29 4.49
BNZ - Mortgage One 6.50 - - -
BNZ - Rapid Repay 5.95 - - -
BNZ - Special - 4.10 4.29 4.49
BNZ - Std, FlyBuys 5.90 4.69 4.79 4.99
BNZ - TotalMoney 5.90 - - -
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.15 5.20 5.25 -
Lender Flt 1yr 2yr 3yr
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.70 4.85 -
Housing NZ Corp 5.80 4.69 4.79 4.79
HSBC Premier 5.89 3.99 4.19 4.69
HSBC Premier LVR > 80% - 3.79 - -
HSBC Special - - - -
Lender Flt 1yr 2yr 3yr
ICBC 5.80 4.59 4.69 5.09
Kiwibank 5.80 4.55 4.69 4.99
Kiwibank - Capped - - - -
Kiwibank - Offset 5.80 - - -
Kiwibank Special - 4.05 4.29 4.49
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 6.10 5.10 5.45 -
Resimac 5.30 4.86 4.94 5.30
RESIMAC Special - - - -
SBS Bank 5.89 4.85 5.05 4.49
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 4.19 3.95 4.49
Sovereign 5.90 4.45 4.69 4.89
Sovereign Special - 3.95 4.29 4.49
The Co-operative Bank - Owner Occ 5.75 4.10 4.35 4.49
The Co-operative Bank - Standard 5.75 4.60 4.85 4.99
TSB Bank 5.80 4.45 4.69 4.99
TSB Special - 3.95 4.19 4.49
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.95 4.69 4.79 5.19
Westpac - Offset 5.95 - - -
Westpac Special - 4.15 4.29 4.59
Median 5.89 4.50 4.69 4.79

Last updated: 2 December 2018 8:39pm

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com