Banks to charge as little as 0.8% on govt-backed business loans
Some of the major banks will be charging very low interest rates, one as little as 0.8 percent, in lending under the $6.25 billion government finance guarantee scheme.
NZ dollar jumps on news lockdown will end next week
The New Zealand dollar spiked higher after Prime Minister Jacinda Ardern announced the lockdown will be eased from midnight on April 27. The kiwi was trading at 60.51 US cents at 5pm in Wellington from 60.22 immediately before the announcement. That was up from 60.30 US cents...
Banks made $7.5b in new loans during lockdown
New Zealand's trading banks have provided businesses and consumers $7.5 billion in new loans since the country went into lockdown, with 13,559 business customers lent $5.5 billion and the balance going to 21,772 consumers.Another 13,549 business customers have moved to either...
Cash is king in a downturn and stop reading disaster stories
Cash is king in an economic downturn so forget profit and balance sheets and devote all your attention to cash flow.And stop reading negative media stories or speculation on social media about how bad things might get – pessimism leads to inaction.That's the advice from 89 of...
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