ASB says a lift in the official cash rate is likely to be a more distant prospect than it first anticipated.

Fidelity Life is believed to be on the verge of buying its rival TOWER Life, with reports that a deal is due any day.

ASB economists expect Reserve Bank governor Graeme Wheeler to reach into his new toolbox this year to counter housing market-driven credit growth.

Saving the cost of a cup of coffee every week for 10 years could provide a much-needed boost to the New Zealand economy, the Financial Services Council says.

We ask economists for their predictions on when interest rates will start raising and to what level they will reach.

The Reserve Bank would rather use tools such as loan-to-value restrictions than hike the Official Cash Rate to target another house price boom.

Expectations of an interest rate cut have been dashed by this morning’s official cash rate (OCR) announcement.

Reserve Bank Governor Graeme Wheeler is massaging data to make New Zealand banks look less profitable, the Green Party says.

MPS Preview: Economists are united in their view that New Zealand’s Official Cash Rate will remain on hold at 2.5% next week, although some say there is a growing chance of a rate cut.

People were still investing in Ross Asset Management as recently as three weeks before news broke about its missing millions, Financial Services Complaints Limited says

ANZ will double its staff of salaried wealth planners, the bank’s chief executive of global wealth and private banking says.

New Zealand bank stability has been bolstered by the fact that house prices came off the boil smoothly over the past few years, says ratings agency Standard and Poors.

Receivers appointed to Wellington investment company Ross Asset Management have so far only been able to find a fraction of the money the firm says has been invested on behalf of its clients.

Westpac’s chief executive Peter Clalre says the bank’s decision to raise its Choices Everyday revolving credit home loan rate by 15 basis points reflects its appetite for that product.

The official cash rate might be low now but it could be as high as 5.75% in three years’ time, according to one economist polled by www.mortgagerates.co.nz.

The decision this morning to leave the official cash rate (OCR) unchanged at 2.5% hasn’t surprised anyone – but the hint of optimism included with the Reserve Bank governor’s statement has.