Recent mortgage borrowers are vulnerable: RBNZ

Jenny Ruth
Wed, 05 May 2021

Reserve Bank deputy governor Geoff Bascand said rising asset prices are an international phenomenon.
Jenny Ruth
Wed, 05 May 2021
Some New Zealand businesses remain vulnerable and low global interest rates are resulting in increased risk-taking and higher asset prices, according to the Reserve Bank.On releasing the banking regulator's latest financial stability report, deputy governor Geoff Bascand said higher asset prices are an international phenomenon that is most visible in NZ in higher house prices."A high proportion of new lending has had high debt-to-income and loan-to-value ratios. This makes recent borrowers more vulnerable to a rise in mortgage rates an...

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Public sector bargaining must be in good faith
Richard Wagstaff | Thu, 06 May 2021

Unions believe there should be scope to improve the wages of all public servants who have served NZ so well during covid-19 and beyond.

Budget 2021
BUDGET 2021: Tourism gets $200m to aid reset
Paul McBeth | Thu, 06 May 2021

Tourism Minister Stuart Nash says there will need to be some big changes in the sector, and for Milford Sound.

Fattening bank margins at odds with RBNZ's low rate policy
Jenny Ruth | Thu, 06 May 2021

Bank profits should fall when interest rates are falling but two of New Zealand's largest banks, ANZ Bank NZ and Westpac, are reporting improved profitability.

Partner Content
Productivity concerns and signs of stagflation

Inflation is to be expected in New Zealand, and whilst costs and prices rise, output capacity appears constrained, at least in the short-term; raising the possibility of stagflation.

What you do matters - keeping our crowded places safe

FIRST Security's Chief Operating Officer Steve Sullivan looks at how venue operators and event organisers can implement the new government strategy to protect staff and visitors from armed attacks.