Falling interest rates should affect the economy faster than in previous easing cycles, assistant Reserve Bank governor Karen Silk told parliament's finance and expenditure committee.

Southern Cross Health Insurance (SCHI) has revealed key policy updates which will be effective from 22 October 2024.

The five largest banks all rushed to cut their mortgage interest rates after the Reserve Bank cut its official cash rate (OCR) for the first time since March 2020.

Southern Cross Health Insurance (SCHI) has revealed some key policy updates which will be effective from 22 October 2024.

The Reserve Bank has cut its official cash rate (OCR) to 5.25% and says the pace of further easing will depend on the monetary policy committee's degree of confidence that pricing behaviour is consistent with a low inflation environment.

OCR reduced by 25 basis points to 5.25%.

ASB Bank's mortgage book grew by just over $1 billion in the six months ended June after shrinking in the first half.

Mortgage payments are swallowing more than half of the median household income.

Fidelity Life has extended its three-months premium free special offer.

The NZ Institute of Economic Research (NZIER) shadow board is split over whether the Reserve Bank should drop the OCR tomorrow.

Fisher Funds fixed interest manager David McLeish has finished up with the firm.