No Rate Cut Expected next week
The Reserve Bank is expected to hold fire from cutting interest rates next week until it can get a better steer on the inflation outlook, leaving November open for a reduction.
September 18, 2016
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Terms of Kiwibank Acquisition agreed
The NZ Super Fund and ACC have agreed on the commercial terms under which they will acquire a chunk of Kiwi Group Holdings, the sole shareholder in Kiwibank, from NZ Post.
September 15, 2016
New LVR rules clarified, confirmed
Greater clarification of the details surrounding new lending requirements has come today with the Reserve Bank’s confirmation of its latest investor-targeted LVRs.
Under the new rules, from October 1, property investors will need a 40% deposit for a mortgage loan, while owner-occupiers will need a 20% deposit.
September 7, 2016
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