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RBNZ announces OCR decision

Thursday, September 28th, 9:00AM

Acting governor Grant Spencer reveals what was behind the Reserve Bank's decision.

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. Global economic growth has continued to improve in recent quarters. However, inflation and wage outcomes remain subdued across the advanced economies and challenges remain with on-going surplus capacity. Bond yields are low, credit spreads have narrowed and equity prices are near record levels. Monetary policy is expected to remain stimulatory in the advanced economies, but less so going forward

SBS eyes partnership with mortgage advisers

Tuesday, August 1st, 11:19AM

The bank says around a third of its business now comes from advisers and chief executive Shaun Drylie gives his views on commission models.

OCR held again - here's what RBNZ had to say

Thursday, June 22nd, 9:00AM

The Reserve Bank today left the Official Cash Rate unchanged while saying major challenges remain.

Previous Mortgage News

Surprise at RBNZ’s OCR outlook

Thursday, May 11th, 10:26AM

The Reserve Bank’s decision to hold the OCR at 1.75% was expected, but economists are surprised at its projection the OCR will remain on hold until late 2019.

No change to OCR: What RB said today

Thursday, May 11th, 9:00AM  3 comments

Focus on tone, not content, of OCR call this week

Monday, May 8th, 6:00AM  1 comment

An official cash rate cut this week would come as a major surprise to all economists.

ANZ half-year profit jumps

Tuesday, May 2nd, 11:10AM  1 comment

ANZ's operations in New Zealand have reported a 24 per cent increase in profit in the first half of the financial year, to $928 million.

Local flavour makes for bank winners

Monday, April 24th, 10:23AM

It seems that locally owned banks rule the roost when it comes to customer satisfaction, with three New Zealand banks taking out the top awards in Consumer NZ’s latest awards.

Broker concerns referred to FMA

Wednesday, April 12th, 11:13AM

Concerns over the activities of brokers at Brilliant Finance Ltd have led Mortgage Express to cut their ties with them and go to the Financial Markets Authority (FMA).

Lending growth will slow – S&P

Thursday, April 6th, 12:43PM

Recent increases in mortgage rates are set to continue, but this will help ease the risks house price inflation poses to New Zealand banks, Standard & Poors says.

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