NZ Super Fund CEO Adrian Orr will be the new Reserve Bank Governor from 27 March 2018, Finance Minister Grant Robertson announced today.
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If inflation doesn’t pick up by late 2018 interest rate cuts could again be on the cards, according to the Reserve Bank.
The Reserve Bank’s easing of the LVRs could give some upward momentum to house prices but economists are not expecting the market to take off again.
Changes to Westpac’s qualifying income assessments mean that investors will now be able to claim 80% of their rental income as part of their income calculation.
Lending times have changed and, in its five years in New Zealand, RESIMAC has embraced those changes and thrived.
We've had two banks makes changes to rates. The Co-operative Bank has taken 16 basis points of both its four and five year rates.
ASB, and Sovereign, have made changes to six terms. The one-year rate has risen, while there have been cuts to all terms longer than a year. Some put them into competitive pricing positions. To see how the table stacks up on the critical two-year term CLICK HERE
Important news for advisers: Parliament sent the new financial adviser law reform package to Select Committee. [READ ON]
This week we have seen a little movement in home loan rates, but we would have to stress it is only little. With the Reserve Bank loosening, ever so slightly, its LVR restrictions it will be interesting to see if that generates a little more activity from lenders.