Australian non-bank lender set to return to NZ

One of the bigger non-bank lenders before the GFC is set to return to New Zealand.

Growth outlook overshadows OCR call

New Zealand’s lower economic growth was acknowledged by the Reserve Bank in its OCR statement today – which means there's a chance their next call could be more doveish.

RBNZ announces OCR decision

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

ASB keeps ownership of Sovereign Home Loans

Although Commonwealth Bank has sold Sovereign to AIA, the insurer’s $7 billion home loan book isn’t part of the deal.

Today's Rate Changes
  • Sharpening rates for Spring

    Westpac has shaved 15 basis points off its standard and Special three-year fixed rates making them the most competitive of the main banks. They are only outdone by HSBC.

    See how three-year rates stack up here.

    This follows on ASB taking a leading position in the one-year fixed term recently.