Bernard Hickey: Foreigners get first dibs on bank assets
How would you feel if someone muscled in front of you in the queue at the bank? How would you feel if the manager actually encouraged queue-jumping? Bernard Hickey looks at bank assets.
How would you feel if someone muscled in front of you in the queue at the bank? How would you feel if the manager actually encouraged queue-jumping? Bernard Hickey looks at bank assets.
Outgoing Reserve Bank Governor Alan Bollard has delivered his final Monetary Policy Statement and left the OCR unchanged at a record low of 2.5 per cent.
Home owners with big mortgages can breathe a sign of relief - interest rates seem destined to stay low, despite a springtime house-price surge.
Bank economists suggest it is time to fix at least part of your home loan.
Thousands of Kiwis chasing a cut in their home loan interest rate have caused a jam in the banking system.
Mortgage rates have hit rock bottom as banks offer thousands of dollars in cash and slash advertised interest rates in response to pressure from home-buyers for deals.
Westpac, Kiwibank and ASB have all made cuts to some of their mortgage rates today, as the mortgage war heats up.
BNZ has cut a key mortgage rate this morning, following rate cutting by other banks on Saturday morning.