Half year profits are down at New Zealand’s biggest bank, ANZ revealed today.
New Zealand’s economic growth is set to head upwards over the next couple of years, while interest rates dip further, a new report says.
Westpac has reported a record half-year profit despite increasing competitive pressure on its loan book.
Leaving the OCR on hold today was the right decision, but there will be further cuts down the track, economists say.
The Reserve Bank today left the Official Cash Rate unchanged at 2.25%.
More evidence of the surging strength of the housing market comes in new data showing mortgage lending, including to investors, is up across the board.