The Official Cash Rate (OCR) will remain at 1.75% for now. "However, we are well positioned to manage change in either direction – up or down – as necessary," RBNZ governor Adrian Orr says.

Nikko Asset Management has promoted one of its equities staff to the position of portfolio manager.

Fidelity Life business development manager Cary Veenhof is being remembered as “the BDM’s BDM”.

Trustees Executors has appointed a new non-executive and independent director to its board.

Auckland-based firm MyFiduciary has inked a deal to be the New Zealand agents for a UK portfolio management monitoring and compliance tool.

Regulators say the joint Financial Markets Authority and Reserve Bank review of conduct and culture in the New Zealand banking sector is progressing rapidly.

Many New Zealanders would support government-backed "shared equity schemes" to help first home buyers, as they struggle with high prices across the country.