Monetary Policy

NZIER estimates 130,000 jobs will be created over the next two years, with the unemployment rate dropping to 5.2 per cent by early 2017, from 5.8 per cent currently Photo / NZ Herald

Economic growth tipped at 3pc

The economy is expected to grow at about 3 per cent a year out to 2017, driving jobs growth and reducing unemployment, says…

Mortgage Rates Provided by Interest.co.nz

Institution Term Percent
ANZ1 year fixed5.59%
ASB1 year fixed5.99%
Kiwibank1 year fixed5.39%
Westpac1 year fixed5.59%

Savings Rates Provided by Interest.co.nz

Institution Minimum 1 Year
ANZ $1 4.10%
ASB $1 4.15%
BNZ $1 3.90%
Westpac $1 4.15%

ANZ's rate swap breach

ANZ Bank New Zealand, the country's biggest lender, was the most aggressive in pitching interest rate swaps to farmers, the Commerce Commission said. Photo: Mark Mitchell.

ANZ breached the Fair Trading Act for misleadingly representing interest rate swaps to some customers.

Crunch time for dairy farmers

It's crunch time for dairy farmers this week when Fonterra releases its farmgate milk price forecast for the coming 2015/16…