How households react to lower mortgage rates is key, with some suggesting this could lead to more Reserve Bank tightening according to ANZ.

New Code out; Get Good Returns on the go; More education providers accredited; Empty handed on mutual recognition.

Non-bank lenders scrabbled for deposits in the six- to 12-month range this week with seven institutions boosting their rates in this space.

Reserve Bank starts thinking about post-guarantee world; Irongate gets backing from Bluestone; Europe's sovereign debt scares investors away from fixed interest; Fitch affirms SBS Bank's credit rating on merger proposal.

With the economy's recovery being so weak and patchy and with major problems still in existence internationally, BNZ believes there's a risk that the Reserve Bank will not raise the cash rate as quickly as it has pencilled in.

Equitable North Island business development manager Scott Rasmussen has resigned and he is taking up a position at ING Life.

Kiwibank has cut 31 basis points off its two-year fixed home loan rate, reducing it from 7.30% which is the median for all banks to 6.99%.

Kiwibank has cut 0.31% off its two-year fixed home loan rate, reducing it from 7.30% to 6.99%.

Grant Evitt is joining AIA as product manager. This is his second stint at AIA, Evitt previously held a role as business development manager there before moving to become more involved in product development roles at TOWER and then at ING Life.