News in Brief
News in Brief
Finance
Credit rule changes won't make much difference: NZBA
The Ministry of Business, Innovation and Employment made no public announcement of the changes.
Finance
Reserve Bank to sell about $5b of bonds a year
The roughly $55 billion of bonds the Reserve Bank bought under the large-scale asset purchase programme were worth $8.36b less at April 30 than it paid for them.
Markets
Genesis CEO Marc England switches to Ausgrid
Chief customer officer Tracey Hickman to take the reins on a temporary basis.
Finance
Kiwibank offers up to $10k carrot to new mortgage customers
Net new mortgage volumes in April were down more than 53% on April last year.
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