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RBNZ hikes rates to 1.5% on inflation concerns
The Reserve Bank of New Zealand’s monetary policy committee yesterday hiked the official cash rate (OCR) by 50 basis points to 1.5...
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RBNZ to raise rates by at least 25bps on Wednesday
Westpac New Zealand expects the Reserve Bank of New Zealand to raise the official cash rate by at least another 25 basis points (...
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Vittoria Shortt becomes new NZBA chair
ASB CEO Vittoria Shortt has been elected chair of the New Zealand Bankers’ Association (NZBA), replacing Kiwibank CEO Steve...
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Zepto raises $25m to fuel local and international growth
Real-time account-to-account merchant payments platform Zepto’s Series A funding round has attracted $25 million which will be used...
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BNZ’s Paul Conway to move to the RBNZ
Bank of New Zealand’s Paul Conway will join the Reserve Bank of New Zealand as chief economist and director of economics in May....
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Changes needed as New Zealanders use less cash
There’s a need for deliberate changes to the cash system in New Zealand to keep it resilient and efficient.
That’s the...
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CBA backs NZ’s first sustainability loan for school facilities
Commonwealth Bank has helped Morrison & Co arrange the first sustainability loan for school facilities in New Zealand.
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RBNZ to tackle inflation sooner rather than later
By getting on top of inflation pressures quickly and by raising interest rates sooner, the Reserve Bank of New Zealand aimed to...
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RBNZ lifts cash rate to 1%
As widely expected, the Reserve Bank of New Zealand raised the official cash rate 25 basis points to 1 per cent yesterday.
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