Economists have been a little bit surprised about the market's reaction to last week's official cash rate announcement, particularly the consequent rise in the New Zealand dollar and pricing in an earlier rise in mortgage rates than the Reserve Bank is forecasting.

Naomi Ballantyne has decided to leave ING Life and plans to look for a career outside of life insurance.

Naomi Ballantyne has decided to leave ING Life and plans to look for a career outside of life insurance.

Bollard happy for banks to offer deposit deals; RaboPlus boosts term deposits after OCR review; RBNZ calls for submissions on rules for non-bank deposit takers

Macquarie Private Wealth Management NZ has grown its wellington-based financial advisory team with the appointment of David Love as investment adviser.

Liontamer’s latest fund, AUSTRALIA Series 1, provides two innovative ways for investors to access the Australian share market.

Fisher Funds is bucking the trend towards consolidation among KiwiSaver providers by launching a new Conservative Fund as part of its KiwiSaver Scheme.

Brook Asset Management is restricting applications in its Brook Alpha Fund to existing investors only in order to maintain the flexibility of the Fund.

Economists are reviewing today's official cash rate announcement and pondering over the meaning of the words. Here mortgagerates.co.nz summaries their views and presents their reports.

ING New Zealand has appointed a new chief financial officer.

Wellington

The Official Cash Rate (OCR) will remain unchanged at 2.50%.