Diplomats and ministers are grappling with thorny issues as they work to secure New Zealand a seat on the UN Security Council for 2015-16.

The Reserve Bank governor has kept the official cash rate at 2.5 per cent, though he'll mull a hike if the momentum in housing spurs broader inflation.

The Government seems to have decided to get out of the way of Reserve Bank plans to curb low-deposit mortgage lending.

Shares in Wynyard Group have fallen below their issue price following the firm's NZX debut this morning.

New Zealand banks boosted their combined profit to almost $1 billion in the March quarter.

Heartland New Zealand wants changes made to rules on low-ball share offers.

Auckland Council chief executive Doug McKay has become a non-executive director of the Bank of Zealand - a company with business links to the council.

The sharp drop in the value of the New Zealand dollar and a swift end to last summer's drought has significantly improved the outlook for farmers, says Rabobank.

China's so-called "economic miracle" has hit some speed wobbles, but a top NZ economist says this country should be insulated from any direct impact.