The Reserve Bank has announced today the new head of financial stability and deputy chief executive.
New Zealand’s economy grew less than economists forecast last quarter and at the slowest pace since mid-2015
New Zealand’s central bank says risks around future moves in the official cash rate are “equally weighted”
The RBNZ says it plans to keep borrowing costs at a record low for a prolonged period as inflation returns only gradually to target
The lender is the latest to join NZ’s growing alternative lending space
This is the latest in an ongoing series of cuts by major banks over the past months
The lender has agreed to pay back $350,000 in borrower fees