KPMG warns end of mortgage war may be near

KPMG warns end of mortgage war may be near
Paul McBeth
The mortgage war spurred by the Reserve Bank’s interest rate cuts last year may be near an end, according to KPMG.The financial services advisory firm noted the unexpected competition that arose in the second half of 2019 after the central bank cut the official cash rate half a percentage point to a record low 1 percent. The Reserve Bank's goal was to encourage firms to ramp up investment after a protracted period of pessimism against a backdrop of a slowing global economy.“The RBNZ cutting the OCR in August 2019 by 50 basis points appears to h...

More Finance

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025
$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 27 Jun 2025
Michael Lorimer exits Grant Samuel amid more sector change
Finance

Michael Lorimer exits Grant Samuel amid more sector change

Lorimer has sold his 80% stake in the corporate advisory firm.

Duncan Bridgeman 26 Jun 2025