Prime Minister John Key has announced his resignation at a press conference today.
A major bank chief has warned loan approvals could get tougher as banks rely on international funding to meet local lending demands.
A non-major bank has increased its longer term fixed rates, following recent rate hikes by majors ASB and BNZ.
Although the cash rate fell to a new record low yesterday, none of the banks have changed their rates since.
The Reserve Bank said it has probably done enough to return inflation to target as economic growth quickens.
A new ASB survey shows 26% of people think now is not the time to buy a house
“A lot of bankers become brokers, but I’m now fortunate to take it another step”
RBNZ once again defies expectations with decision
The rate was cut despite no movement from the OCR this week