The Reserve Bank left its official cash rate (OCR) unchanged at 5.5% but said it has a limited “ability to tolerate upside inflation surprises.”

The Monetary Policy Committee today agreed to hold the Official Cash Rate (OCR) at 5.50%.

One of the biggest challenges emerging for mortgage advisers is insurance.

Christchurch-based mortgage adviser Sue Clydesdale of Mortgage Express has reached the lofty heights of $1 billion in settled sales.

Company director and investor John Williamson has been appointed as the new chair of the Guardians of New Zealand Superannuation.

Economists are divided on whether the Reserve Bank will lift the OCR or leave it at 5.5% at its review on Wednesday.

MSCI Inc. (NYSE: MSCI), a leading provider of mission critical decision support tools and services for the global investment community, is pleased to announce the appointment of a new head of client coverage for its Australia and New Zealand business.

Perpetual Guardian has inked a deal to buy Trustees Executors private wealth business.

It's probably not a surprise but Fisher Funds has had its management of the Kingfish investment fund renewed.

Homeowners should consider their ability to service a mortgage that is two to three percentage points above existing rates before taking it on, say ANZ economists.

The past half-decade has seen more shifting in the landscape for New Zealand trusts than in the several decades before: the Trusts Act 2019 was introduced and took effect in early 2021 after years of consultation and review, reporting and disclosure requirements for Trusts have increased considerably through the IRD; and now the trustee tax rate is to be raised from 33% to 39% on 1 April (excluding charitable trusts) – effectively an 18.2% rate increase. The rationale is to align this rate with the top personal tax rate of 39% for income above $180,000.

House sales have plunged to their second lowest level in about 40 years, only 2% up on January’s sales last year, which were the lowest since 1983.