Editorial: Lending curbs good for banks and borrowers
Editorial: The Reserve Bank is possibly the only entity in New Zealand that believes housing is not a rock-solid investment.
Editorial: The Reserve Bank is possibly the only entity in New Zealand that believes housing is not a rock-solid investment.
Reserve Bank Governor Graeme Wheeler said banks will be subject to restrictions on high loan-to-value ratio (LVR) housing mortgage loans from October 1.
Most western central banks do not entrust interest rate decisions to committees with external members - the model favoured by the Green and Labour Parties - a Reserve Bank study found.
Whether you own your own or rent can have a big impact on the kind of lifestyle you have in retirement, says Massey University.
ASB Bank boss Barbara Chapman is hoping the bank will continue its strong growth run but says it faces headwinds as borrowers switch to fixed mortgage rates .
As curbs on lending to home buyers with low deposits draw closer, one question that arises is how banks will do the rationing, writes Brian Fallow.
House prices dipped last month, says the Real Estate Institute, but the number of properties changing hands was up more than 10 per cent from the month before.
ANZ was tonight still trying to fix a glitch with its eftpos terminals which saw some cards stop working and some customers charged twice for the same transaction.
After vindicating expectations of an interest rate cut yesterday, the Reserve Bank of Australia isn't showing much enthusiasm for another.