The Reserve Bank has today left the Official Cash Rate (OCR) unchanged at 5.75% and opened the way for cuts in both floating and fixed rate mortgages.

New Stock Exchange ceo Mark Weldon wants to make major changes to the exchange including getting rid of the NCM and grey markets, and promoting derivatives trading. He also questions investors' asset allocations.

The Reserve Bank is expected to leave the Official Cash Rate at its current level of 5.75%, on Wednesday. The question is how will the major home lending banks, which already have high rates, respond.

Latest figures from the Reserve Bank show that mortgage borrowing levels continuue to grow.

New Zealand Home Loans says they hate revolving credit, or line of credit mortgages.

The winter effect hit the housing market with a vengeance in June with the number of sales falling sharply and the median house price easing from May, although the market remains buoyant compared with June last year.

Tower Corp managing director James Boonzaier is being forced to abandon a swag of hopelessly out-of-the-money options as he departs the company.

AMP Henderson has utilised an ancient partnership law to develop a tax-efficient fixed interest fund.

The actual number of housing consents fell in June, although they were up in seasonally adjusted terms.

Activity in the housing market has already peaked although housing construction should remain strong for the rest of this year, Deutsche Bank says.

Real Estate group Harcourts has sold 50% of Mortgage Express to Perpetual Trust for an undisclosed sum.

The numbers for the past quarter and year are starting to roll in and they look ugly.

Activity in the housing market has already peaked although housing construction should remain strong for the rest of this year, Deutsche Bank says.

Some of the major banks are adopting an age-old retailers' strategy.

Retail sharebroking firms are taking different approaches to the mortgage business.

Kiwibank chief executive Sam Knowles says that banks with floating rates of 8% are making excess profits.