Govt guarantees $6.25b emergency business lending; mortgage holiday coming

Govt guarantees $6.25b emergency business lending; mortgage holiday coming
Pattrick Smellie
Trading banks are being offered government guarantees on a maximum of $6.25 billion in new lending to "solvent businesses" to help tide them over the economic hit caused by the covid-19 crisis.The government will bear 80 percent of the credit risk of that lending, with the remainder sitting with trading banks.Loans will be limited to no more than $500,000 and available to firms with annual revenue between $250,000 and $80 million, although the government is willing to hear feedback and tweak those limits, if necessary, said Finance Minister Gra...

More Economy

RBNZ and the curious case of prudential stacks
Opinion

Andy Macdonald: RBNZ and the curious case of prudential stacks

The end result of the RBNZ’s capital review will be both revealing and fascinating.

Andy Macdonald 21 Oct 2025
Economists expect a 25bps cut in Nov, inflation as expected
Economy

Economists expect a 25bps cut in Nov, inflation as expected

Annual inflation was 3%, within the 1% to 3% band. 

Rebecca Howard 20 Oct 2025
Annual inflation hits 3% as housing and power costs surge
Economy

Annual inflation hits 3% as housing and power costs surge

It follows a 2.7% rise in the June quarter. 

Rebecca Howard 20 Oct 2025
A brief inflation spike won’t spook the RBNZ
Economy

A brief inflation spike won’t spook the RBNZ

Some economists believe annual inflation could reach 3.1% in the third quarter. 

Rebecca Howard 17 Oct 2025