The recent Official Cash Rate increases have clearly had an impact on borrowers, ASB chief economist Nick Tuffley says.

BNZ’s result was described as “solid” by out-going chief executive Andrew Thorburn but also warned pressure was coming as borrowers moved to fixed rate loans.

Reserve Bank deputy governor, Grant Spencer says the LVR restrictions are working and the earliest they will come off are later this year.

Fidelity Life's newest board member is a former CEO of NZI and most recently worked for a reinsurer.

Housing is a key sector of the New Zealand economy, and an important factor influencing the Reserve Bank’s monetary and financial policies. And of course housing is never far from the front pages.

Most middle income New Zealand employees are being sent down a road to a financially uncomfortable retirement, says the Financial Services Council (FSC).

New Zealand’s banking sector is growing at a strong rate, despite the restrictions on low-deposit lending, and one lender says it could be all down to the country’s parents.

The Reserve Bank may relax its loan-to-value rules as soon as this week, Westpac’s economists suggest.

The Financial Markets Authority’s head of strategy, innovation and engagement is leaving to become a partner at a Wellington law firm.

ASB has taken an aggressive stance to pricing its two and three year home loan rates with cuts to carded interest rates and a new incentive.

Up to $100 million of Kiwibank unsecured subordinated capital notes will be offered to the New Zealand public.