Latest from Official Cash Rate

Westpac gifts above board - Key
There is nothing wrong with ministers accepting hospitality from the Government's banker Westpac, and it won't have any bearing on the decision that will follow a competitive tender for the contract, the Prime Minister says.

Farmers paying down debt - $1b cut since Sept
Bank lending to farmers has fallen $1 billion from its peak in September last year, latest Reserve Bank figures show.

Kiwibank eyes growth in business banking
NZ Post says it has ambitious plans for its subsidiary Kiwibank to take a bigger slice of the business banking market.

<i>Brian Gaynor: </i>Big Aussies lapping up their Kiwi cream
The four big Australian-owned banks - ANZ National, ASB, Bank of New Zealand and Westpac - are creaming it in New Zealand.

Govt debt - it's the trend that's the worry
For 15 straight years until the recession of 2008-09, the New Zealand Government ran surpluses and paid down debt.

More insurance bailouts possible: Reserve Bank
More insurance companies may require bailouts as a result of the Christchurch earthquakes.

NZ house prices overvalued says IMF
New Zealand house prices appear to be overvalued by up to 25 per cent, the International Monetary Fund says.

Risk trade unwinds as Wall St falls
Disappointing US economic data prompted a selloff in oil overnight, which dropped more than 8 per cent. Stocks on Wall Street fell, with losses accelerating towards the close.