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RBNZ consults on new mortgage bond collateral standard

Friday, 17 November, 2017 - 11:39

The Reserve Bank today published a consultation paper proposing an enhanced mortgage bond standard aimed at supporting confidence and liquidity in the financial system.

This follows a review of domestic and international mortgage bond collateral standards.

Fraud Awareness week a timely reminder of finance scams

Thursday, 16 November, 2017 - 15:04

The Reserve Bank says that International Fraud Awareness Week is a good reminder of what to do if you’re the target of a finance scam.

Statement from Westpac New Zealand

Wednesday, 15 November, 2017 - 15:11

The Reserve Bank of New Zealand (RBNZ) has informed Westpac New Zealand Limited (WNZL) of its decision following a review of WNZL’s compliance with aspects of its advanced internal ratings-based (IRB) accreditation.

Westpac capital requirements increased after breaching regulatory obligations

Wednesday, 15 November, 2017 - 14:09

Westpac New Zealand Limited (Westpac) has had its minimum regulatory capital requirements increased after it failed to comply with regulatory obligations relating to its status as an internal models bank.

House prices rise in every region in NZ bar Auckland and Nelson

Wednesday, 15 November, 2017 - 09:01

Prices rose in 14 of New Zealand’s 16 regions for the year to October, leading to the median house price for New Zealand, excluding Auckland, to reach a record price of $440,000 (an 8.5% increase), according to the latest data from the Real Estate Institute of New Zealand (REINZ) - source of th

Opportunity and uncertainty in post-election economy - ASB

Wednesday, 15 November, 2017 - 05:00

ASB economists expect election-related uncertainty to dampen growth over the second half of the year, but say this will be short lived only and remain positive on the growth outlook for New Zealand.

Ongoing low interest rates 'makes it good time to buy'

Thursday, 9 November, 2017 - 12:18

National Manager of Century 21 New Zealand, Geoff Barnett, says with the Reserve Bank keeping the Official Cash Rate at 1.75% and interest rates set to remain relatively low in the foreseeable future, now is a good time for many Auckland renters to run the numbers on a mortgage calculator.

Transparency needed on Government spending plans - National

Thursday, 9 November, 2017 - 11:54

The new Government needs to be much clearer on its spending plans so that public institutions like Treasury and the Reserve Bank have sufficient information to perform their roles effectively, National Party Finance Spokesperson Steven Joyce says.

Official Cash Rate unchanged at 1.75 percent

Thursday, 9 November, 2017 - 09:08

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent.

Labour should be careful with Reserve Bank Review - Joyce

Tuesday, 7 November, 2017 - 16:11

The Labour Party should be careful with its review of the Reserve Bank so there remains complete clarity over the Bank’s primary role, National Party Finance Spokesperson Steven Joyce says.

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