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The Reserve Bank of New Zealand has cut its official cash rate to a record low 1.75 per cent, forecasting that this was likely to be the last cut in the current cycle. read more

Reserve Bank of New Zealand governor Graeme Wheeler has said the Reserve Bank would not currently use a debt-to-income multiple limit if it was in its macroprudential tool kit because the housing mark.. read more

Westpac NZ reported its cash earnings fell four per cent to NZ$872 million for the year to September 30, after easing back on home lending. read more

ANZ New Zealand has slowed its lending growth to a housing market it considers over-heated as it posted a lower profit and warned about higher overseas funding costs. read more

New Zealand's Kiwibank gets a NZ$90 capital injection from NZ Post as part of a deal to sell 47 per cent of the bank to two Government corporations. read more

New Zealand's Solid Energy announced agreements to sell its working coal mines, which could return between 45 per cent to 55 per cent of the NZ$395 million owed to a range of banks by the state-owned.. read more

National Australia Bank's BNZ has reported a flat annual operating profit as a squeeze in interest margins because of higher funding costs offset a fall in bad loan charges due to a strong local econo.. read more

The New Zealand Government has formally begun a public review of the fees charged to retailers and consumers by credit card scheme providers and banks, publishing an issues paper that looks at whether.. read more

Two months after an Australian court ruled in favour of ANZ in a class action claim alleging unfair fees, ANZ has settled a similar lawsuit in New Zealand without admitting any liability. read more

The New Zealand Government is investigating whether consumers and retailers are being overcharged for use of credit and debit cards, and whether it should start capping interchange fees. read more