Latest from Bank of New Zealand

NZ economy tipped to have grown quickly this year
New Zealand's economy probably grew at the fastest pace in four quarters in the first three months of 2011, say economists.

Weak demand for credit threatens big NZ banks
Weak credit demand could curtail earnings growth for the big New Zealand banks, says credit rating agency Standard and Poor's.

Manufacturing climbs to highest level in nearly a year
New Zealand manufacturing rose in May to its highest level in almost a year amid signs record-high prices for the country's commodities are beginning to filter through to the wider economy.

NZ dollar rises to post-float high
The New Zealand dollar has risen to its highest level against the greenback since it floated in March 1985 on improving risk sentiment and talk of Asian funds' interest in assets such as government bonds.

Police seek help after concrete throwing spree in Invercargill
Invercargill police are appealing for information after several buildings in the central city, including the court house, had concrete thrown through their windows on Friday night.

Floating mortgages now over 50pc of all NZ home loans
More than half of New Zealand's $168.2b of mortgages are now on floating rates, says the Reserve Bank.