Banks cut mortgage rates
ANZ, Westpac, Kiwibank and BNZ have now cut mortgage rates after the Reserve Bank reduced the OCR to a record low of 2.5 per cent.
ANZ, Westpac, Kiwibank and BNZ have now cut mortgage rates after the Reserve Bank reduced the OCR to a record low of 2.5 per cent.
NZ Dollar jumped over half a US cent to US67.30 after OCR cut to 2.50 per cent.
Latest figures reveal Auckland values might have stalled as online site reports Asian interest has eased off.
Do you live off savings? Or maybe paying off a mortgage? Here's why the OCR matters.
As New Zealand banks become increasingly digital, technology-related concerns have jumped ahead of more traditional dangers such as the economic outlook.
Auckland is on the verge of becoming a $1 million city - and its fast leaving the rest of New Zealand behind.
People hold strong views on the topics of immigration, inequality and religion - turns out the facts behind the views are mostly all wrong.
Economists expect the Reserve Bank to cut its official cash rate by 25 basis points to 2.5 per cent at this Thursday's monetary policy statement, but the financial markets are not so sure.
Reserve Bank governor Graeme Wheeler will be acutely conscious that inflation for the past year has been below the 1 per cent bottom of the bank's target band.
The first United States interest rates rise since 2006 is looking increasingly likely.
Africa's natural environments and spectacular wildlife are about to face their biggest challenge ever.
Prices were up 3.6 per cent in the latest overnight dairy auction.
The International Monetary Fund will add the yuan to its basket of currencies, an international stamp of approval of the strides China has made.
Latest QV stats: Moves by the Government and Reserve Bank to slow Auckland's heated housing market are having an effect - but not yet on prices.
Investors are favouring currencies with higher interest rates.
New Zealand business confidence rose to a six-month high in November, signalling a pick-up in the economy.
Growing numbers of Kiwis risk becoming homeless in old age because of falling home ownership rates, rising rents and static housing subsidies, the Salvation Army says.
Business confidence continues to rise, signalling a pick up in the economy.