<i>Brian Fallow :</i> A lot of assumptions in OCR move
For borrowers the Reserve Bank's statement makes dispiriting reading...
For borrowers the Reserve Bank's statement makes dispiriting reading...
Inside Money:Why are the rich just as tardy with bills as the poor?
One in four New Zealanders will pay their bills late over the next year, with 35pc saying they would miss paying the TV bill if they ran short of cash.
The Commerce Commission has warned Kiwibank and HSBC about the formulas the two banks used to use to work out mortgage break fees.
The Reserve Bank has slightly opened its forecast window for the first rate hike by a month or two in this morning's statement.
Top Goldman Sachs officials have defended their conduct in the financial crisis.
Goldman Sachs has lifted the veil of secrecy surrounding its multibillion dollar trading in the mortgage market at the height of the credit crisis.