Top economists are warning potential home buyers to proceed with caution as another bank drops its variable mortgage rate to the lowest in 40 years.

Police are seeking this man over the robbery of a Rotorua Westpac on Friday.

A high-profile criminal is accused of master-minding mortgage frauds described as NZ's most complicated, costly and cunning.

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.