News Bites

Key RBNZ changes edge closer

The Reserve Bank has moved closer to putting its "dual-mandate" employment and price stability objectives into law, and has taken further steps to establish a Monetary Policy Committee to make key decisions.


HSBC drops rates to 3.95%

HSBC is the latest lender to drop rates, cutting its one, two and three year interest rates to 3.95%

Royal Commission report due on Monday

The final report from Australia's Royal Commission into the financial services sector is due to be published on Monday afternoon.

Sub-4% rates over for SBS, TSB

Two smaller banks have followed the big four in ending their sub-4% special rates, as mortgage rates creep up to more normal levels. 

BNZ pledges $3.8 million after error

BNZ is set to refund more than 10,000 mortgage customers after making a series of errors with documentation.

HSBC one year rate down to 3.79%

HSBC has cut its special one year fixed mortgage rate to 3.79%, as lenders dive in to the low interest rate environment.

D-day looming for bank conduct report

The Financial Markets Authority (FMA) and Reserve Bank will be releasing their report into bank conduct and culture in New Zealand banks on Monday.

More stories
  • Key RBNZ changes edge closer

    The Reserve Bank has moved closer to putting its "dual-mandate" employment and price stability objectives into law, and has taken further steps to establish a Monetary Policy Committee to make key decisions.

  • HSBC drops rates to 3.95%

    HSBC is the latest lender to drop rates, cutting its one, two and three year interest rates to 3.95%

  • Royal Commission report due on Monday

    The final report from Australia's Royal Commission into the financial services sector is due to be published on Monday afternoon.

  • Sub-4% rates over for SBS, TSB

    Two smaller banks have followed the big four in ending their sub-4% special rates, as mortgage rates creep up to more normal levels. 

  • HSBC one year rate down to 3.79%

    HSBC has cut its special one year fixed mortgage rate to 3.79%, as lenders dive in to the low interest rate environment.

  • D-day looming for bank conduct report

    The Financial Markets Authority (FMA) and Reserve Bank will be releasing their report into bank conduct and culture in New Zealand banks on Monday.

  • KiwiBuild extends to Mt Albert

    The Ministry of Housing and Urban Development is building 18 new KiwiBuid apartments in Mt Albert, Auckland, as the government-backed housing scheme ramps up.

  • Kiwibank changes special

    Kiwibank has decided to raise rates for its 2 year fixed term loan by 16 basis points.

  • Co-op shares $2.1m with customers

    The Co-operative Bank has shared out $2.1 million of profit with customers as part of its annual rebates payout.

  • RESIMAC unveils self-employed specials

    Non-bank lender RESIMAC has introduced rate cuts and new products for the self-employed as it targets more business rejected by the major banks.

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