The Reserve Bank has kept its official cash rate unchanged at 2.5 per cent at today's monetary policy statement.

The aim of balancing the books to reduce government debt ignores a fundamental lesson from the GFC, writes Peter Lyons.

New Zealand's credit unions have had an early Christmas present after the Government changed the law clearing the way for all financial advisers to provide advice.

Divisions are emerging over who should pay for the KiwiSaver employer's contribution.

Momentum in the Auckland property market appears to have stalled, with Barfoot and Thompson reporting another month of flat prices.

ANZ, the country's largest bank, has today completed the sale of Eftpos New Zealand to global payments company VeriFone.

TSB Bank lifted annual profit 11 per cent as rural and commercial lending rose faster than its traditional sector in household mortgages.

Lenders are offering home-owners the lowest short-term bank mortgage rates in New Zealand history as they compete to lure customers before an expected rise next year.

Two women and five men have been charged this morning over an alleged mortgage fraud scheme involving over $9 million.

A softening Australian economy has forced several ASX-listed companies to downgrade their earnings prospects over the past month.

Britons should be braced for years of high inflation as the cost of living soars stubbornly ahead of wages, a leading economic forecaster warns.

Flat-screen TVs, cash for groceries and even iPads - banks are competing to offer more attractive prizes to sweeten home loan deals as higher interest rates are forecast.