Economists believe the Reserve Bank will hold fire on making further cuts to the Official Cash Rate next week, with a further cut more likely in November.
150 minutes. That’s how much time we should be exercising a week to maintain a healthy lifestyle, according to the Ministry of Health. It can seem a bit overwhelming, until you realise that’s about 20 minutes a day. MORE »
BNZ will only deal with groups who hold a FAP licence under the new regulatory regime, becoming the first bank to formally outline its stance on the subject.
Non-bank lender Bluestone has passed on cuts of up to 40 basis points after the Reserve Bank’s Official Cash Rate cut last month.
Complaints against banks by home loan borrowers rose by 12.3% last year amid a rising number of declined applications, according to the Banking Ombudsman Scheme.
Australian non-bank lender Pepper Money has launched mortgage lending operations in New Zealand, with a vow to bring Kiwi borrowers unprecedented levels of choice and flexibility in their mortgage options.
As Spring kicks in, another bank has slashed mortgage rates.
SBS Bank’s 3 year rate drops to 3.89%, level with ASB. Check out our rates table here.
Meanwhile, economists have told us they don’t expect the Reserve Bank to cut the Official Cash Rate next week. See why here: [READ ON].
We've been a little quiet with our weekly TMM newsletters so thought it was time to get them going again. Here's a wrap of last week's news and some thoughts on what's happening in the market.
Mike Pero appoints three advisers