RNZ
The value of KiwiSaver funds grew by about $2.5 billion to just under $78.8b, a quarterly survey by investment research company Morningstar shows.
NZ Herald
The official cash rate remains unchanged but economists now expect hikes by August.
www.landlords.co.nz
With high inflation just around the corner, ANZ Bank, the country’s biggest mortgage lender, says mortgaged property investors would be wise to fix at least some of their borrowings at longer-term rates.
The Spinoff
Bank economists are all but certain the RBNZ will raise the OCR sooner than initially forecast. But as BusinessDesk's Rebecca Howard writes, the ongoing threat of Covid-19 means the central bank isn't likely to rush such a move. Caution will reign in the central bank’s short monetary policy state
RNZ
The ANZ, Westpac and ASB banks are united in their expectation the official cash rate will be increased earlier than previously expected.
Investor confidence is on the up but the head of the FMA is sounding a word of warning to people investing in shares to seek advice as their portfolios grow.
The strength of the New Zealand economy has heightened the risk of a higher official cash rate by the end of the year, according to ANZ economists.
The strength of the New Zealand economy has heightened the risk of a higher official cash rate by the end of the year, according to ANZ economists.
RNZ
Economists are warning the tide is turning on rock bottom interest rates, bringing with it the prospect of higher debt costs for households and businesses.
RNZ
Economists are warning the tide is turning on rock bottom interest rates, bringing with it the prospect of higher debt costs for households and businesses.
NZ Herald
Catalist will target companies that are valued between $6m and $60m.
NZ Herald
Catalist will target companies that are valued between $6m and $60m.
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The government has slashed the number of KiwiSaver default providers from nine to six with five of the existing providers being removed from Dec 1.
RNZ
In his second major pre-Budget speech Finance Minister Grant Robertson has defended public service pay measures and says next week's Budget will support the economy while being cautious about debt.
With Māori values becoming an increasingly integral part of Aotearoa New Zealand’s society, the future of our economy is Māori, and it is bright, Reserve Bank Assistant Governor Christian Hawkesby says.
www.scoop.co.nz
While New Zealand has so far come through the COVID-19 pandemic better than initially feared, vulnerabilities in the financial system remain, Reserve Bank Governor Adrian Orr says in releasing the May Financial Stability Report . “Successful public health ...
www.theasset.com
New Zealand’s Exchange (NZX) has partnered with S&P Dow Jones Indices to launch the country’s first carbon-efficient indices amid growing investor interest and global efforts in addressing climate change. The two new indicesare S&P/NZX 50 Carbon Efficient Index and S&P/NZX 50 Portfolio Carbon Efficient Index.
Treasury expected to issue less debt than planned, as NZ weathers the COVID-19 storm better than expected and the Government doesn't spend all it borrows
RNZ
The value of KiwiSaver funds grew by about $2.5 billion to just under $78.8b, a quarterly survey by investment research company Morningstar shows.
RNZ
The fall in fees was caused by organisations cuting costs during the pandemic, Strategic Pay managing director Cathy Hendry says, and is not likely to last.
NZ Herald
Biggest jump for five-year loans.
RNZ
The scheme, first proposed two years ago, will protect up to $100,000 of each depositor's funds in the event of a bank collapse.
NZ Herald
The RBNZ has kept the official cash rate on hold at 0.25 per cent.