Reserve Bank 'jawboning' must continue

Reserve Bank 'jawboning' must continue
Reserve Bank of New Zealand chief economist Paul Conway. (Image: NZME)
Warren Couillault
The past few weeks have been all about the global banking system and bank failures, with Credit Suisse's collapse the most spectacular. Having said that, fears about German colossus Deutsche Bank could negate the final part of that sentence. We’ve also had a few months now of slowing economies, including a surprising contraction here in NZ in the past quarter. Everywhere, we're starting to see layoffs as last year's sharp interest rate increases start to bite, including at global giants like Amazon, Microsoft and Met...

More Economy

Willis can do more to fix banking competition
Finance

Andrew Body: Willis can do more to fix banking competition

A competitive banking system needs more than lower capital adequacy ratios.

Credit card issuers fear ComCom proposals
Finance

Credit card issuers fear ComCom proposals

The proposed regulations will stifle banking competition, says Mastercard.

Mineral sands miner appoints new chair for expansion era
Primary Sector

Mineral sands miner appoints new chair for expansion era

Debbie Birch joins the group as it seeks consent for a major new mine near Hokitika.

Oliver Lewis 01 Apr 2025
Signs of optimism as number of NZers behind on payments falls
Economy

Signs of optimism as number of NZers behind on payments falls

New credit data from Centrix shows green shoots of optimism as mortgage and consumer arrears fell in February.The number of New Zealanders behind on their payments fell by 11,000 in February compared with January.While there are still 480,000 consumers in arrears, levels are 1% l...

Staff reporters 01 Apr 2025