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Advisers brace for second lockdown; ASB profits drop 20%; OCR decision later

  • Wednesday, August 12th 2020

Mortgage advisers are preparing to run their businesses under lockdown once again as Auckland goes into alert level three at midday: [READ ON]

ASB Bank profits dropped by 20% in the year to June as the effects of the Covid-19 pandemic took hold: [READ ON]

The Reserve Bank will make its latest Monetary Policy Statement and OCR decision later. Keep an eye out at TMM Online.

Up Next Mortgage deferrals to be extended as Reserve Bank tries to push down rates

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TMM - The Mortgage Mag is 100% dedicated to delivering excellent news, video and information to all mortgage advisers in New Zealand. We deliver news to advisers through TMMOnline.nz and its associated email newsletter. Every two months we publish TMM - The Magazine. This is sent to all mortgage advisers. TMM is part of Tarawera Publishing Ltd. TPL is the oldest and largest publisher in NZ's financial adviser market.

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