
Banks: your new best friend
You may have noticed the big Australian-owned banks trying to cuddle up to you lately.
You may have noticed the big Australian-owned banks trying to cuddle up to you lately.
A KiwiSaver provider has come under fire after one of its commissioned salespeople sent out an email dissing the track record of alternate providers ANZ and ASB.
Some banks have reduced fees, while others have wiped some completely.
Internet banking could become old hat as consumers now opt to use their mobile phones.
The economy managed - just - to expand in the June quarter, most likely marking the end of the recession.
Allan Bollard reiterates the OCR will remain "at or below the current level through until the latter part of 2010."
The strong kiwi dollar is a threat to a sustained recovery, says Reserve Bank Governor Alan Bollard, while keeping rates steady.
The Reserve Bank has done what most market watchers were expecting this morning and left the official interest rate unchanged at 2.5 per cent.