Small gains from lifting mortgage curbs worth it – RBNZ

Small gains from lifting mortgage curbs worth it – RBNZ
Paul McBeth
The Reserve Bank expects the 12-month suspension on mortgage lending restrictions will encourage banks to let borrowers defer repayments if needed. The central bank is pressing ahead with plans to suspend its limits on high loan-to-value house lending after also considering easing the restrictions or creating hardship exemptions. The Reserve Bank flagged the move last week, and confirmed it after a seven-day consultation period as it moves quickly to provide support to the nation’s financial system in the covid-19 crisis. Deputy govern...

More Finance

ANZ admits 'unacceptable failure' as bond probe continues
Finance

ANZ admits 'unacceptable failure' as bond probe continues

Regulator is investigating the bank over its bond turnover data.

AAP 25 Jul 2024
ComCom will try to bring down PayWave, credit card surcharges
Finance

ComCom will try to bring down PayWave, credit card surcharges

Card industry tried to regulate itself, Govt has tried, now it is ComCom's turn.

Staff reporters 23 Jul 2024
Massive cyber outage cripples banks and other organisations worldwide
Finance

Massive cyber outage cripples banks and other organisations worldwide

A major cybersecurity outage has taken out computer-reliant services

Dileepa Fonseka 19 Jul 2024