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Banks pass on more OCR increase to borrowers than savers
Variable mortgage rates rose by the full OCR rise, while savings rates lagged.
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Stories and analysis from The Northern Express Herald.
BNZ, ASB and Kiwibank lift floating mortgage rates after OCR hike
The banks have passed the full OCR increase on to floating borrowers.
Savers keep waiting as OCR hike unlikely to push fixed interest rates much higher
Meanwhile, mortgage rate hikes have largely been priced in.
ASB apologises after tech glitch shows $0 balance in investment accounts
One customer feared the worst after logging into her banking app to find accounts empty.
The OCR has gone up - here's what I think about when fixing my mortgage
OPINION: Mortgage decisions should balance financial risk, flexibility and peace of mind.
Rate call today: RBNZ tipped to hike despite fragile recovery and rising unemployment
The Reserve Bank will release new forecasts with its Monetary Policy Statement this week.
Debt vs delivery: The trust problem behind NZ’s borrowing debate
New Zealand’s debt has nearly doubled in 10 years.
Is more business debt a sign of growth or a desperate measure to stay afloat?
While business debt can be a tool for growth, smaller firms are facing hard decisions.
NZ debt nears $1 trillion, but borrowing growth has slowed sharply
Mortgage and farm debt trends are improving, while small firms struggle.
Low on willpower? How to trick yourself into saving more
OPINION: Round-ups and automatic payments can help people save without willpower.
'Callous': Man stole $50k from victim's Sharesies account
The judge said the 34-year-old had little empathy for his victims.
Kiwibank circles, as Taranaki residents fail to block TSB sale
TSB's owner to vote on sale of TSB to Heartland this week.
The money red flags that could be hurting your chances of getting a mortgage
And why it's not necessarily your weekly coffee fix that banks are focused on.
NZ data sovereignty: Who controls the infrastructure behind AI?
Data centres are expanding, but sovereignty and connectivity remain unsettled.
The fishhooks to watch out for when taking out a low deposit home loan
OPINION: First-home buyers are increasingly buying homes with deposits below 20%.
Kiwibank profit falls to $174m as fierce competition squeezes margins
Kiwibank’s profit fell to $174m as lending grew and margins narrowed.
Westpac restores online banking after frustrating morning for customers
Some customers were left unable to pay their bills.
Bank impersonation makes up 71% of Westpac business customer scam losses
One in 10 targeted businesses lost money, with average losses topping $150,000.
Technology key to closing infrastructure gap, says banker
Chinese banker Yong Wang says technology can help close the infrastructure gap.
'Filling their boots': First-home buyers cashing in on property market slump
First-home buyers now make up a record 27% to 28% of market activity.
The prosperity cost of New Zealand's property obsession
OPINION: A record 13.1% of resales made a loss on house prices in the June quarter.
Modernising retail payments system may boost economy by up to $1.3b a year
Reserve Bank says the existing payments system is falling behind global standards.
Westpac warns over scam Facebook complaints pages offering refunds
The pages impersonate legitimate organisations and target those who post a complaint.
Kiwis still don’t trust brands. Can AI save the relationship?
OPINION: 51% of customers are frustrated with their bank’s tech.
Why one dairy owner set up a cryptocurrency ATM on the East Coast
Gisborne's only crypto ATM sees about two customers a day.
'Uncertainty remains the new norm': ASB profit falls to $1.4b
Impairment losses rose to $78m from $60m a year earlier.
Where have all the ATMs gone?
The country's largest bank has cut its ATM numbers by 85 in two years.
The biggest financial mistakes you’re making at each stage of life
Some actions - or inactions - could end up costing you tens of thousands of dollars.
ANZ to increase interest rates on some fixed home loans, term deposits
ANZ will raise fixed home loan rates by 10 to 26 basis points.
Burger Burger owes $2.7 million, search for buyer continues
Liquidators say its financial statements have a lot of errors.