The Monetary Policy Committee today agreed to maintain the Official Cash Rate at 5.50 percent.

Borrowers taking out mortgages for six months rose to a new high in May, in anticipation of interest rate cuts soon.

The Reserve Bank is not expected to give a dovish tilt at its Monetary Policy Review supporting the markets recent pricing of a 60% easing of the OCR in October with about 38 basis points priced in by the end of the year.

Newton Ross, now part of Alvarium, has gone live with NZXWT’s technology platform.

KiwiSaver fees are lower than fees charged on comparative funds in Australia and the United Kingdom.

ASB is joining Kiwibank in expecting OCR cuts starting from November this year.

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Housing minister Chris Bishop has revealed plans to “flood the market” with enough land to end the country’s housing crisis.

Apex Group is acquiring Trustees Executors’ Custody and Investment Accounting business.

FMA censures deVere for breaching its licence obligations.

A 2023 survey of New Zealand institutional investors, with collectively more than $230 billion assets under management, has found slow progress on investment targeting climate mitigation.