GDP tipped to grow less than Bollard's forecast
Economists believe GDP stats due out this week will show the NZ economy has expanded less that the Reserve Bank forecasted, confirming that interest rates are on hold for now.
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BNZ in court scrap over Fontein's drip-feed offer
An offer by property developer Patrick Fontein to repay creditors owed $93.9 million has been met with disdain from the BNZ.
<i>Inside Money:</i>A tale of two (or more) fees
ASB did a beautiful job this week of announcing fee increases for its KiwiSaver funds.
OCR stays at 3pc, future hikes 'more moderate'
A weakening recovery and the Christchurch earthquake have prompted the Reserve Bank to leave official interest rates on hold this morning at 3 per cent.
NZX listing mooted for new 'kiwi' bank
New Zealanders may have a new, locally owned bank to invest in by February next year.
Kiwibank gets 40pc of new mortgage value in June quarter
Kiwibank accounted for 40 per cent of new residential mortgages written by the major banks in the June quarter.
World shares surge on optimism
World share prices surged overnight, bolstered by solid data from US, China and a good European growth forecast.