Article tagged with 'TMM Opinion'
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FMA to investigate mortgage advice sector; RBNZ’s August rate cut seen as a positive sign for equities
05 Sep 2024 - The Financial Markets Authority has said it plans to review the mortgage advice sector in wake of the Commerce Commission's report into banking. [READ ON] Check out New Zealand Equity Monthly Report August 2024 here
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I like consistency if at all possible
19 Aug 2024 - ASB chief executive Vittoria Shortt tells TMM how much business advisers generate for the bank and why she isn't interested in chasing market share. [READ ON] New Zealand SMEs are adapting their financial strategies to stay afloat amidst mounting economic pressures. [See here]
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BREAKING: OCR reduced by 25 basis points to 5.25%
14 Aug 2024 - OCR 5.25% - Monetary restraint tempered as inflation converges on target. [READ ON]
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ASB's mortgage book returned to growth; Half of household income going to mortgage
14 Aug 2024 - ASB Bank's mortgage book grew by just over $1 billion in the six months ended June after shrinking in the first half. [READ ON] Mortgage payments are swallowing up more than 50% of the median household income. [See here]
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Mortgage firm backs Kiwibank as a disruptive competitor; Economists lighting the path to OCR cuts
07 Aug 2024 - Squirrel Mortgages says it makes sense for Kiwibank to be given more capital to substantially grow its balance sheet and become a disruptive competitor. [READ ON] The most noteworthy shift in recent weeks has been the general mood and commentary around the official cash rate and...
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Predictions for OCR cut next month - ASB
23 Jul 2024 - An OCR cut could come as early as next month, the ASB says. [See what they said]
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Understanding of financial fairness measured; ANZ Fixed Home Loan rates change
18 Jul 2024 - What constitutes fairness in financial services is generally something people agree on. [READ ON] ANZ has made changes to some of their Fixed Home Loan rates today. “We want to remind people that anyone feeling financial pressure should to talk to us earlier rather than later....
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Reserve Bank expected to stick to its knitting; Banks bringing OCR cut expectations forward
08 Jul 2024 - The Reserve Bank is not expected to give a dovish tilt at its Monetary Policy Review supporting the markets recent pricing of a 60% easing of the OCR in October with about 38 basis points priced in by the end of the year. [READ ON] ASB is joining Kiwibank in expecting OCR cuts s...
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Big week for cuts and ANZ tweaks forecast; Initiative launched to grow number of female advisers
10 Jun 2024 - It was a pivotal week for monetary policy with two major central banks cutting interest rates for the first time in more than four years. [READ ON] Finsure Group, has launched its Women in Finsure initiative in New Zealand to promote equality, opportunity, diversity and inclusio...
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Short fixed terms continue to be the most popular
07 Jun 2024 - Reserve Bank figures show house buyers are opting for the shortest fixed interest rates for mortgages in the hope they will fall at either the end of this year or early next year. [READ ON] [PROMO] Join the Strong in Six EOS Workshop for Financial Service Businesses! Through...