Economy
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Finance
NZ mortgage interest rates will fall below 2% - fund manager
Interest rates are likely to fall further and mortgage interest rates will soon fall below 2 percent, according to Fergus McDonald, head of bonds and currency at Nikko Asset Management. "I still think there will be a further round of mortgage rate reductions," McDonald said on...
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Newswire
Consumer confidence bounces after lockdown lifted
Consumer confidence bounced in June with the number of optimists outweighing pessimists as life largely returns to normal. The latest ANZ-Roy Morgan Consumer Confidence index rose 8 points to 104.5. The only area still in negative territory was the outlook for the economy as a...
Finance
Mortgage lending recovers but banks remain ultra-cautious
Mortgage lending recovered in May after shrinking in April for the first time on record, but mortgage brokers say the banks are still taking an ultra-conservative stance on lending criteria. Reserve Bank data released late yesterday showed mortgage lending in May totalled $4.3...
Policy
Fast-track consenting will show how broken RMA is - Jones
The fast-track process the government is using to speed consenting of a series of housing, rail and roading projects will show the country how broken the Resource Management Act is, Infrastructure Minister Shane Jones said today. Jones, who worked on the development of the ori...
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Pattrick Smellie
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Pattrick was judged New Zealand's best overall columnist and business columnist of the year at the Voyager 2021 Media Awards. He has more than 35 years’ experience reporting and working in New Zealand politics and the commercial sector. A former Press Gallery chairman, he is an award-winning journalist and has worked for titles including The Dominion, The Press, Sunday Star-Times and National Business Review. He was the first NZ correspondent for The Australian and co-founded BusinessDesk in 2008.
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