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More banks change mortgage rates

More banks change mortgage rates
Wellington, Aug 10 NZPA - Westpac and TSB banks have joined ANZ and ASB in lifting floating mortgage rates and cutting longer term fixed rates. The moves follow the decision on July 29 by the Reserve Bank to lift the official cash rate by 25 basis points to 3 percent.

ANZ hikes variable home loan rate, cuts others

ANZ hikes variable home loan rate, cuts others
Wellington, Aug 9 NZPA - ANZ is raising its variable mortgage rate and is cutting its 18-month, two-year and three-year fixed rates.

ASB hikes floating mortgage rate

ASB hikes floating mortgage rate
Wellington, Aug 5 NZPA - ASB has become the first bank to hike its floating mortgage rate after the Reserve Bank of New Zealand raised the official cash rate by 25 basis points to 3 percent on July 29.

How Will The Increase In The OCR Impact On Home Loans?

How Will The Increase In The OCR Impact On Home Loans?
Has Alan Bollard put pressure on banks to hold rates and lower their margins by increasing the OCR or, will it be business as usual, OCR goes up, retail interest rates go up?

Cash rate lifted to 3 percent, but caution knocks currency

Cash rate lifted to 3 percent, but caution knocks currency
Wellington, July 29 NZPA - The Reserve Bank of New Zealand (RBNZ) lifted the official cash rate (OCR) 25 basis points to 3 percent but caught financial markets on the hop by hinting it may pause in future due to the weakness of the recovery.

Cash rate lifted to 3 percent

Cash rate lifted to 3 percent
Wellington, July 29 NZPA - The Reserve Bank lifted the official cash rate 25 basis points to 3 percent, as widely expected, but indicated the pace of further rate rises may be slower than suggested earlier.

Reserve Bank lifts official cash rate

Reserve Bank lifts official cash rate
Wellington, July 29 NZPA - The Reserve Bank has lifted the official cash rate by 25 basis points to 3 percent, as widely expected. The Reserve Bank had also increased the rate by 25 basis points seven weeks ago off a record low 2.5 percent, where it had been for 13 months.

Wage gap with Australia wider -- report

Wage gap with Australia wider -- report
Wellington, July 28 NZPA - Australian workers are being paid even more than their Kiwi cousins since National became the Government.

Interest Rates - Act Now... Or Wait Until Next Week?

Interest Rates - Act Now... Or Wait Until Next Week?
Fixed Rate, Floating Rate, or a Combination?

Consumer confidence falls for second consecutive month

Consumer confidence falls for second consecutive month
Wellington, July 22 NZPA - Consumer confidence has fallen for the second consecutive month in the latest ANZ-Roy Morgan poll, but it is unclear if recent global market volatility is the reason.

Kiwibank lowers 3 to 5-year fixed mortgage rates

Kiwibank lowers 3 to 5-year fixed mortgage rates
Wellington, July 5 NZPA - Kiwibank has lowered its three, four and five-year fixed mortgage rates, keeping them to around the same level as those of the major banks, but the lower rates are not necessarily seen as giving a boost to the faltering housing market.

Kiwibank cuts two-year fixed home loan rate

Kiwibank cuts two-year fixed home loan rate
Wellington, July 1 NZPA - State-owned Kiwibank has triggered a new battle in the home loan market with ANZ National Bank moving quickly to cut fixed lending rates after Kiwibank cut its two-year fixed home loan rate.

Kiwibank cuts two-year fixed home loan rate

Kiwibank cuts two-year fixed home loan rate
Wellington, July 1 NZPA - Kiwibank is cutting its two-year fixed home loan rate to 6.99 percent per annum from 7.30 percent. Kiwibank chief executive Sam Knowles said the rate cut was to give some certainty to customers who are concerned about interest rate volatility.

Bridgecorp receivers stymied by Fiji decree

Bridgecorp receivers stymied by Fiji decree
Wellington, June 23 NZPA - Receivers of the failed New Zealand finance company, Bridgecorp, are seeking legal advice after Fiji's coup administration issued a decree effectively seizing control of the Momi Bay development there.

ANZ National, Kiwibank, Westpac increase mortgage rates

ANZ National, Kiwibank, Westpac increase mortgage rates
Wellington, June 21 NZPA - ANZ National Bank, Kiwibank and Westpac are increasing some mortgage rates after the Reserve Bank of New Zealand hiked the official cash rate by 25 basis points to 2.75 percent earlier this month.

ANZ National, Kiwibank increase mortgage rates

ANZ National, Kiwibank increase mortgage rates
Wellington, June 21 NZPA - ANZ National Bank and Kiwibank are increasing some mortgage rates after the Reserve Bank of New Zealand hiked the official cash rate by 25 basis points to 2.75 percent earlier this month.

ANZ National increases mortgage rates after OCR rise

ANZ National increases mortgage rates after OCR rise
Wellington, June 21 NZPA - ANZ National Bank has increased its variable, six month and one year mortgage rates after the Reserve Bank of New Zealand hiked the official cash rate by 25 basis points to 2.75 percent earlier this month.

ASB increases variable mortgage rate after OCR rise

ASB increases variable mortgage rate after OCR rise
Wellington, June 17 NZPA - ASB has become the first major bank to raise its variable mortgage rate since the Reserve Bank of New Zealand hiked the official cash rate by 25 basis point to 2.75 percent last week.

Mortgage holders wait for rate hike to flow through

Mortgage holders wait for rate hike to flow through
Wellington, June 10 NZPA -The start of increases in the official cash rate may prompt some borrowers to move to fix the floating part of their debts, economists said.

NZ cash rate up 25 basis points to 2.75 pct

NZ cash rate up 25 basis points to 2.75 pct
Wellington, June 10 NZPA - Reserve Bank Governor Alan Bollard sees the decision to lift interest rates as a start to the removal of "extraordinary" stimulus from monetary policy.

Governor lifts cash rate

Governor lifts cash rate
Wellington, June 10 NZPA - The Reserve Bank has edged its key interest rate up, after holding it at a record low for 13 months to fight the impacts of the global financial crisis.

RB lifts official cash rate

Wellington, June 10 NZPA - The Reserve Bank has lifted the official cash rate to 2.75 percent from the historic low 2.5 percent where it has stood since April 2009. NZPA WGT nb

BNZ new $3 billion bonds programme positive - Moody's

BNZ new $3 billion bonds programme positive - Moody's
Wellington, June 8 NZPA - The Bank of New Zealand's new $3 billion bond programme is positive for the bank and the country's banking system as it widens the wholesale funding available, credit rating agency Moody's said today.

NZ interest rate rise likely but still a close call

NZ interest rate rise likely but still a close call
Wellington June 4 NZPA - Australia this week paused after hiking its official cash rate six times to 4.5 percent, but New Zealand will likely start raising its rate next week.

Greens say Super Fund will want piece of Kiwibank

Greens say Super Fund will want piece of Kiwibank
Wellington, May 28 NZPA - Selling Kiwibank to the New Zealand Superannuation Fund would not protect it from ending up in foreign hands, Green Party co-leader Russel Norman says.

S&P says ownership change of Kiwibank would trigger review

S&P says ownership change of Kiwibank would trigger review
Wellington, May 27 NZPA - Standard & Poor's assesses the chances of a privatisation of Kiwibank as low and is keeping its AA minus rating of the state-owned bank unchanged as a result. But it said any change in ownership of the bank would trigger a review of its credit rating.

NZ resort owners taking Fiji bank to court

NZ resort owners taking Fiji bank to court
Wellington, May 24 NZPA - A New Zealand couple are taking court action against a Fiji bank after their resort was seized by the military over a mortgage dispute.

People urged to make the most of budget

People urged to make the most of budget
Wellington, May 20 NZPA - People should work out what today's budget means for them before making any financial decisions, says Retirement Commissioner Diana Crossan. She said the budget was wide-ranging and would affect everyone, regardless of their circumstances.

Goff fights back in pre-budget speech

Goff fights back in pre-budget speech
Wellington, May 12 NZPA - In an appeal to low and middle income earners Labour Leader Phil Goff today said the Government was hitting them with GST, but only the rich would benefit from planned tax cuts.

Kiwibank, HSBC warned about mortgage break fee formulas

Kiwibank, HSBC warned about mortgage break fee formulas
Wellington, May 11 NZPA - The Commerce Commission warned Kiwibank and HSBC about the formulas the two banks used to work out mortgage break fees until the middle of last year.

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