ASB lifts interest rates - first bank to move
ASB Bank has become the first big bank to lift its interest rates - and it says there are more to come.
ASB Bank has become the first big bank to lift its interest rates - and it says there are more to come.
New Zealand's housing market is running out of puff.
New Zealanders should do more to address economic imbalances, especially external debt, says the Reserve Bank.
Alan Bollard says a pickup in sales of 'uridashi' bonds to Japanese investors would be useful.
The average floating mortgage is expected to rise by $10 a week after the Reserve Bank lifted the OCR for the first time since 2007.
For borrowers the Reserve Bank's statement makes dispiriting reading...
Opinion is divided on whether inflationary pressures and the global crisis will be enough for Alan Bollard to begin lifting rates next week.
A proposal to launch a new listed New Zealand bank has been welcomed by the market and the stock exchange operator.
The banking operations of Pyne Gould, Southern Cross Building Society and the Canterbury Building Society are merging.