A stand-off is developing between the Reserve Bank and the markets. The bank wants to keep rates up, however they continue to fall.

The last time house prices rose this far in consecutive quarters was in the early 1970s. That cycle ended in tears. While it is less likely to happen this time around, the risk profile points down.

Fisher Funds buys Coronet Asset Management Limited (CAM) from The Equitable Group.

British-based Pensions Policy Institute says there is much about KiwiSaver to imitate.

Finance minister Michael Cullen answers questions in Parliament about KiwiSaver.

Dunedin

State-owned Kiwibank and the National Bank have cut home loan rates despite the hawkish statement accompanying the Reserve Bank's decision to keep its official cash rate unchanged at 6.75%.

The Reserve Bank has left the official cash rate (OCR) unchanged at 6.75%

Christchurch

The latest sales figures from leading Auckland real estate firm Barfoot & Thompson show stability in volume but a decline in value in the Auckland property market.

Nelson

Christchurch

Auckland