Monetary Policy

Reserve Bank Governor Graeme Wheeler. Photo / Mark Mitchell

NZ dollar drops to 13-month low

The NZ dollar dropped to a 13-month low today after figures confirmed the Reserve Bank intervened in foreign exchange markets…

Mortgage Rates Provided by Interest.co.nz

Institution Term Percent
ANZ1 year fixed6.15%
ASB1 year fixed6.09%
Kiwibank1 year fixed5.79%
Westpac1 year fixed6.09%

Most firms paying bills faster

Forestry sector firms are the fastest to pay invoices with an average settlement time of 34.9 days. Photo / NZME.

New Zealand businesses are getting a cash flow boost from the country's strong economic performance, with the average time…

Big money, but also peanuts

ANZ's chief executive David Hisco's $4.1 million pay packet got a few Kiwis hot under the collar this week. But how 'bout…

Savings Rates Provided by Interest.co.nz

Institution Minimum 1 Year
ANZ $1 4.50%
ASB $1 4.25%
BNZ $1 4.40%
Kiwibank $2,000 3.15%
Westpac $1 4.35%

KiwiSaver transfers increasing

Photo / Getty

The FMA says it is concerned about increasing competition among KiwiSaver providers having a detrimental impact on members…