
OCR stays steady, no change till late 2010
Interest rates have been left on hold by the Reserve Bank this morning, with governor Alan Bollard confirming again that he intends to keep them low till "the latter part of 2010".
Interest rates have been left on hold by the Reserve Bank this morning, with governor Alan Bollard confirming again that he intends to keep them low till "the latter part of 2010".
NZ wants to follow Australia's decision which give financiers greater access to people's credit histories.
Failed major developments in New Zealand are piling up, like the Soho Square project in Ponsonby which is now mocked as 'Sohole'.
Baby Boomer lifestyles 'are coming home to roost' as defaults on credit payments rise, a credit information provider says.
A former NBR Rich List Aucklander says a $100 million debt led to him being declared bankrupt.
Property tycoon David Stewart Henderson - the man involved in a celebrity drug ring in 2005 - is being threatened with bankruptcy.
Councils are staring at an estimated $6 billion legal bill to fix the country's leaky homes - with the crushing debt falling on ratepayers.
The way Securities Commission chief executive Jane Diplock sees it, New Zealand's investor protection was way behind the rest of the world when she arrived. Since then, she says, there has been significant progress, but we are not there yet