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21 Apr 2021

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Housing rules 'make interest rate rises scarier'
Game has changed for property investors, ANZ warns, and prices could fall.

Livestock export ban met with disappointment in South Canterbury
A ban on all livestock exports from New Zealand has been met with disappointment by interest groups in South Canterbury.

Monday Thoughts: Why are stock markets so high?
OPINION: Blame low interest rates for shares' bull Covid run.

Opinion: Central banks should not target house prices
The worldwide fall in interest rates over the past two decades has caused a runaway boom in house prices. Therefore, it makes sense to raise interest rates so houses become affordable again. The first of these statements is almost...

ASB estimates how much extra tax Govt could make from housing policy
A research note from ASB this week estimates how much tax the Government could potentially make from closing what Revenue Minister David Parker referred to as a "loophole" on interest rate deductibility.ASB senior economist Mark...

Anger over Government moves against property investors
Removing interest tax deductions on rental properties is “outrageous”, property investors say.

BNZ bankrolls scheme to give workers an alternative to payday lenders
BNZ is providing interest and fee-free funding for a payroll scheme cash-strapped workers can use to get paid early.

Mercury NZ Limited (NZX: MCY) Green Bond Offer Interest Rate Set
MCY today announced that $200 million of Green Bonds have been allocated to participants. The interest rate for the Green Bonds has been set at 2.16% per annum. This reflects a margin of 0.85% per annum over the underlying swap rate

Why loan rates aren’t going lower
OPINION: Kiwi borrowers can currently access some of the lowest interest rates ever seen in this country, but are homeowners and businesses getting the best possible deal on their loans?

Plane maker Pacific Aerospace owes creditors at least $43m, liquidators say
Liquidators say 30 parties have expressed interest in buying the Hamilton plane maker.

Reserve Bank keeps Official Cash Rate at 0.25%
Year-long promise not to move interest rates has expired - but there's no change regardless.

NZ Reserve Bank in no hurry to shift rates yet, say economists
The Reserve Bank will be in no rush to shift its official interest rate at its review on Wednesday, preferring instead to take a wait-and-see approach to assess how the economy is adjusting to the challenges posed by Covid-19, say...

House prices in Australia tipped to rise 17 per cent this year
Australia's property prices forecast to grow at their fastest pace since the late 1980s as buyers take advantage of record-low interest rates.

Landlord chiefs react to Government housing package
Landlord bosses have expressed shock and dismay at today's Government announcement to axe interest deductions on rental properties.Andrew King, NZ Property Investors Federation president, and Sharon Cullwick, federation executive...

PaySauce Limited (NZX: PYS) BNZ PayNow Launch
Bank of New Zealand and employment solutions provider PaySauce today launched BNZ PayNow, a no interest way for employees to access wages before payday and an alternative to predatory payday loans

Federal Reserve expects to keep its key rate near zero until 2024
The Federal Reserve foresees the economy accelerating quickly this year yet still expects to keep its benchmark interest rate pinned near zero through 2023, despite concerns in financial markets about potentially higher inflation.With...

Conversations about capital gains tax 'miss the benefits'
'Self-interest' limiting political will to change tax situation, economist says.