![BNZ, Kiwibank follow the trend, cutting interest rates](/pf/resources/images/placeholders/placeholder_l.png?d=808)
BNZ, Kiwibank follow the trend, cutting interest rates
BNZ and Kiwibank have joined the other banks and cut mortgage rates.
BNZ and Kiwibank have joined the other banks and cut mortgage rates.
The New Zealand dollar will probably hold around 75 US cents until next Thursday as traders wait for the Reserve Bank to say whether it will cut the OCR.
Sister banks ANZ and National have cut mortgage interest rates.
The New Zealand dollar may extend its losses this week as the cost of the Christchurch earthquake becomes clearer.
Tourism Holdings says it has resolved a banking covenants breach issue with its banks.
Several appeals have been launched to help Cantabrians following today's devastating earthquake. ANZ launched an appeal and announced it would make the first donation, $1 million.
Think it's all good down on the farm? Think again. Property values are plunging, and the crisis could yet hit the cities too, reports Karyn Scherer.
Tourism Holdings said it won't meet full-year profit guidance because forward bookings have been hit by the spate of floods and storms in Australia and softening tourism demand locally and in the UK.