Latest from Banking and finance

Editorial: Choppy waters ahead for home-loan borrowers

EDITORIAL: There's a lot more pain to come for borrowers.

Business confidence slumps again, profit outlook 'dire', says ANZ

The latest ANZ Business Outlook survey shows labour shortages are still the top concern.

Third major bank curtails mortgage lending to those with small deposits

Banks tighten up as they come close to exhausting their high-risk lending allowances.

Bank profits hit another quarterly record - but one makes a loss

But tougher conditions expected to be felt in the second and third quarters.

Tighter criteria: Interest-only housing loans declining

'The effect will be catastrophic. How does this work for people who are suffering?'

Explainer: Why home loan rates are rising so quickly

And are set to rise even further.

ASB Bank predicts record $10/kg milk price for 2022/23

It would be the first double-digit milk price on record if it comes to pass.

ANZ hikes interest rates for second time in a month

The bank has put the changes down to a significant rise in wholesale rates.

Lower kiwi dollar keeps export prices strong despite falls

The ANZ Commodity Index shows export prices rose in currency-adjusted terms.

ASB mistakenly tells KiwiSaver members they have made no contributions

The message was sent to members even if they had been contributing.

More opportunities for first-home buyers, SBS Bank boss says

SBS Bank has lent money to 850 first-home buyers during the year.

Global inflation boosts NZ's terms of trade as food prices spike

Rising food prices outpaced rising energy costs to drive a rise in NZ's terms of trade.

Hold-out Auckland sellers swipe listings from market

"Sales prices are definitely starting to fall, but not dramatically" - Peter Thompson.

Bank dividend restrictions lifted

From July banks will be able to pay out a full 100 per cent dividend.

ANZ: Residential construction sector 'deteriorating rapidly'

The ANZ Business Outlook survey shows inflation may be peaking but pressure still intense.

Major New Zealand banks lift mortgage rates after OCR hike

Retail banks have started hiking rates in the wake of last week's hawkish RBNZ call.