Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
RBNZ will revisit all bank capital proposals before final decisions: Bascand
By Jenny Ruth Oct. 1 (BusinessDesk) - The Reserve Bank is reviewing all its key proposals in light of the critique by the three independent reviewers and the submissions before announcing its final decisions in early December, says deputy governor Geoff Bascand. "We are rev...
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Finance
Experts largely support RBNZ's bank capital proposals
By Jenny Ruth Oct. 1 (BusinessDesk) - The three independent experts' critiques of the Reserve Bank's bank capital proposals are largely supportive with the British expert, in particular, demolishing the commercial banks' complaints that the central bank wants them to hold too...
Finance
Business confidence slips to new 10-year low in September
By Rebecca Howard Sept. 30 (BusinessDesk) - Business confidence slipped further in September and the central bank will be disappointed its 50 basis point rate cut in August doesn't appear to be having much impact, ANZ Bank said in its monthly business outlook survey. A net...
Finance
RBNZ board says bank will require more resources in the future
By Rebecca Howard Sept. 30 (BusinessDesk) - The Reserve Bank of New Zealand's board of directors lauded the bank and its governor for navigating a period of "comprehensive change" and sticking to its funding agreement but said it is clear additional resources will be required...
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