He points out that small businesses will be most affected by the move
RBNZ states New Zealand’s banking system remains sound and well capitalised
New Zealand’s central bank may be facing the biggest shake-up to the way interest rates are decided since it pioneered inflation targeting three decades ago
RBNZ governor has outlined the criteria for removing loan-to-value ratio restrictions
The central bank has appointed its new assistant governor and head of operations
The new name brings experience from financial institutions worldwide
He says focus should now be on supporting small businesses
New Zealand is officially in recession with more lockdowns possible