March rate rise a 'near certainty' for New Zealand 31 January 2014 5:44PM The Reserve Bank of New Zealand has indicated that it will begin hiking its official cash rate for the first time in nearly four years on March 13, when it releases its next quarterly Monetary Polic.. read more
RBNZ LVR limit cools housing market 30 January 2014 5:29PM The Reserve Bank of New Zealand's controversial speed limit on low deposit mortgage growth appears to be working to slow riskier lending and cool the overheated housing market. read more
Bluestone eyes New Zealand expansion 29 January 2014 5:46PM Australasian non-bank mortgage lender Bluestone Group hopes to use some of a capital injection from the UK as a launch-pad for a return to lending in New Zealand. read more
ANZ, ASB and Westpac face New Zealand regulator over swaps 18 December 2013 5:44PM New Zealand's Commerce Commission has announced plans to launch legal action against CBA's ASB, Westpac and ANZ in March next year over how they sold fixed interest-rate swaps contracts to farmers. read more
RBNZ warns of 2014 hikes 13 December 2013 5:58PM The Reserve Bank of New Zealand has warned it expects to increase the official cash rate by 225 basis points to 4.75 per cent by early 2016, starting as early as March or April next year. read more
RBNZ exempts new builds 11 December 2013 5:33PM The Reserve Bank of New Zealand has tweaked its 'speed limit' on low deposit mortgages by exempting loans used to fund new homes. RBNZ governor Grant Spencer said the exemption for all high LVR loan.. read more
Westpac NZ cuts variable rate 11 December 2013 5:32PM Westpac has become the first major New Zealand bank to cut its variable mortgage rate since March 2011, opening a new front in an intensifying battle to grow higher deposit borrowing. read more
NZ high LVR lending halves 29 November 2013 5:46PM Low-deposit lending in New Zealand halved in the first month of a new speed limit to restrict such lending, but a surge in high deposit lending more than offset the fall, raising the prospect it may n.. read more
NZ covered bonds legal 22 November 2013 5:56PM The New Zealand Parliament has passed the Reserve Bank Covered Bond bill into law, establishing a legal framework for covered bonds well after its five biggest banks had already issued over NZ$11 bill.. read more
BNZ financially independent from NAB 22 November 2013 5:50PM Bank of New Zealand has repaid all its unsecured loans from its parent, National Australia Bank, as it moved to reduce its reliance on offshore wholesale funding. read more