How far interest rates will fall when inflation abates will depend on the persistence of public debt, on how climate policies are financed and on the extent of deglobalisation, the IMF says
Big banks' mortgage serviceability test rates now start at 8.5% and rise above 9%
RNZ
The Reserve Bank has raised the official cash rate by 50 basis points to 5.25 percent.
the Guardian
Jamie Dimon says downfalls of Silicon Valley Bank and Credit Suisse have undermined confidence
Average dwelling values in Auckland down by almost $200,000 in last 12 months, Wellington values down almost $300,000
The Reserve Bank (RBNZ) is seeking feedback on proposed new guidance for the financial sector on managing climate-related risks.
Tumbling stocks dragged down other major banks across Europe, fuelling fears about a banking sector crisis.
POLITICO
The Fed's rate hike comes shortly after the stunning collapse of two banks shook the financial system and sparked a major government intervention.
Asia Times
If Governor Yi Gang’s staff at the People’s Bank of China had been planning a vacation in 2023, it might be time to cancel. The PBOC’s surprise move on March 27 to lower the reserve requireme…
NBC News
UBS agreed to buy its embattled rival Credit Suisse with Swiss regulators playing a key part in the deal as governments looked to stem a contagion that threatening the global banking system.
NZ Herald
186 banks could fail if half of their depositors were to withdraw their funds quickly,
NZ Herald
Economists had expected data for the December quarter to show a sharp contraction.
Asia Times
The Federal Reserve is facing a rather sticky problem. Despite its best efforts over the past year, inflation is stubbornly refusing to head south with any urgency to a target of 2%. Rather, the in…
Newsroom
A Newsroom investigation shows the big funds manager had gone big on Signature Bank – money it will never see again. But it says other funds are down as well. Jonathan Milne reports.
RNZ
The economy could already be in a technical recession, but the effects are yet to kick in for many.
NZ Herald
Economists had expected data for the December quarter to show a sharp contraction.
RNZ
The Reserve Bank and the Minister of Finance have been attacked over monetary policy and inflation by the free market think tank, the New Zealand Initiative.
Co-operative Bank sees nothing to fear in taking on the big Australian banks
The ratings giant warns of a 'rapid deterioration in the operating environment' for US banks.
NZ Herald
Robert Kiyosaki has dropped his latest forecast - and it doesn’t look good for one bank.
Newsroom
Marlin Global holds shares that may now be worthless in the New York-based Signature Bank, shut down by US regulators as they try to prevent a widening bank crisis. Jonathan Milne reports.
Median housing values in upmarket suburbs such as Auckland's St Mary's Bay & Wellington's Karaka Bay down more than $300k over the last 12 months
Stuff
The figures will show the economy shrank in the final quarter of last year, banks say.
RNZ
The first corporate reporting season of the year has mostly delivered to expectations.
Newshub
Rising interest rates are starting to billow through the economy.
The Money