Reserve Bank Governor Alan Bollard said: "The outlook for the New Zealand economy remains broadly consistent with the view outlined in the December Monetary Policy Statement (MPS).

Mortgage rates are being pushed and pulled in all directions as lenders grapple with conflicting pressures in their businesses.

Napier

The central bank in the United States has taken the dramatic move of lowering its cash rate 75 basis points in response to concerns about the US economy

MFS's parent company had another eventful day yesterday with the resignation of its chief executive, and the end of a takeover bid.

Orewa

Professional Advisers Association records stellar growth, More OCR hikes predicted this year, Investment rate update.

The past week has been very quiet for investors looking at fixed interest rates. The only changes have been a couple of moves by banks.

The Insurance and Savings Ombudsman has introduced a conciliation process to compliment its existing services.

Niche manager Aventine, which runs the SuperLife funds, has launched what it says is the first balanced, socially responsible investment under KiwiSaver.

The embattled ASX-listed MFS hit the headlines again yesterday after imposing a trading halt and revealing it was no longer able to use its own name.

The number of New Zealanders signed up for KiwiSaver at the end of the scheme's first six months is far more than was expected for its first year, announced Finance Minister Michael Cullen and Revenue Minister Peter Dunne.
Press Release

Home loan report: The traditional Christmas hiatus on changes to home loan rates has been well and truly smashed this year.

Investors in the Fidelity Capital Guaranteed bond expecting to be paid an interest payment today are missing out - for now.