New Zealand
Major banks cut mortgage rates after Reserve Bank slashes OCR to 2.25%
The Reserve Bank's Official Cash Rate now sits at 2.25% after a 25-point reduction.
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Stories and analysis from The Northern Express Herald.
'We aren't going to grow our way out': Treasury urges asset sales as it sounds alarm over Govt finances
Agency says the Government could better manage its $571 billion portfolio of assets.
'I get paid a lot of money': Banker's $2m salary doubles over year
The chief executive of Westpac's salary is 55 times the average Kiwi's.
Bank introduces lowest advertised mortgage rate on the market
The move puts it ahead of its competitors, which are offering one-year rates of 4.49%.
Bank cuts fixed-term mortgage rate with now-lowest 18-month deal
It comes a week and a half after the Reserve Bank cut the OCR down to 2.5%.
Fintechs cheer open banking breakthrough - but key move still hangs in the balance
A good start, but less than halfway there.
Reserve Bank to ease mortgage lending restrictions
Finance Minister Nicola Willis says the move will help first-home buyers.
Two more banks drop home loan rates after OCR cut
Kiwibank and BNZ have followed moves by other retail banks yesterday.
Banks rush to cut mortgage rates after big OCR drop
It follows a string of pre-emptive cuts by banks to fixed-term rates last week.
Banks and Armourguard clash over future of NZ cash services
Banks want Commerce Commission approval to jointly renegotiate terms.
BNZ cuts mortgage rates to match rivals ahead of OCR announcement
All major banks have been cutting their home loan rates ahead of tomorrow's OCR decision.
Economists divided on extent of OCR rate cut this week
The Reserve Bank is expected to cut the Official Cash Rate on Wednesday.
Tech Insider: Rod Drury backs Volley - a Kiwi ‘Venmo’, Huljiches invest in martech startup, Rocket Lab’s hiring spree
Brittany Fox said she has created a live tool to 'fix AI’s chaos-induced blind spot'.
'Got my full backing': PM Luxon defends Nicola Willis after GDP decline
GDP shrank 0.9% in the June quarter, more than double the forecast drop.
June quarter GDP seen as turning point after signs of strength fade away
Data out this week is set to show the New Zealand economy stalled in the June quarter.
Major bank lowers fixed lending rates to match other lenders after OCR cut
The bank has cut all its fixed rates.
Kiwibank cites 'unforeseen circumstances' as Dannevirke branch closes
Mayoral candidates are concerned the closure will impact residents, including the elderly.
Major bank lowers fixed lending rates after OCR cut
Almost all fixed mortgage lending terms have been cut this morning, the bank says.
Banking competition inquiry: MPs struggle to identify silver bullet solutions
Major work on loosening capital rules and part-privatising Kiwibank already under way.
BNZ latest lender to lower variable rates after OCR cut
Major banks have dropped their fixed and floating lending rates in the past 24 hours.
Challenging economy hits Kiwibank's bottom line
Kiwibank's annual net profit has fallen on the back of a weaker economy.
Interest rate cut a shoo-in, but how much lower will the OCR go?
Economists are divided over the inflation outlook.
Rate-cutting merry-go-round: More banks cut mortgage rates
Kiwibank and Westpac are the latest to match rivals in lowering their home loan rates.
Kiwibank warned for overcharging more than 8000 customers
'We take this matter seriously and regret the error,' Kiwibank said.
Govt moves to part-privatise Kiwibank
Will investors be able to sell their shares to foreigners?
South Island leads economic recovery as regional divide widens
Otago and Southland are NZ's best performing regions in Kiwbank’s Annual Regional Note.
August rate cut 'as close to a done deal as can be the case' - Stephen Toplis
Despite food price headlines, inflation continues to ease in the core of the economy.
The Kiwibank chair who is also a priest: ‘There’s more to life than the corporate world’
Jon Hartley has given two days of work a week ‘away’ for more than 20 years.