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22 Nov 2024

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General Capital subsidiary General Finance update
General Capital Limited advises that its subsidiary General Finance Limited, a licensed Non-bank Deposit Taker, has uploaded its quarterly unaudited report for the quarter ended 30 September 2024 to the Disclose Register

Heartland appoints CEO, advises of change to senior manager
Heartland Group Holdings Limited (Heartland) (NZX/ASX: HGH) is pleased to announce the appointment of Andrew Dixson as Chief Executive Officer (CEO), subject to Reserve Bank of New Zealand non-objection, effective 1 October 2024

HGH - Response to FMA proceedings
Heartland Group Holdings Limited (Heartland) (NZX/ASX: HGH) notes that the Financial Markets Authority (FMA) has filed proceedings against a former junior Heartland Bank Limited (Heartland Bank) employee relating to alleged insider trading in shares in He

'There's no U-turn': Reserve Bank governor hits back over OCR cut 'flip-flop'
A so-called "flip-flop" from the Reserve Bank drew criticism from economist Brad Olsen, and others.

Watch live: Luxon, Willis react to OCR cut
The prime minister and finance minister are due to speak with news media after the Reserve Bank’s big decision to cut the OCR to 5.25%.

New Zealand could have a digital currency by 2030
A digital currency would spur innovation and competition, said Reserve Bank head of money and cash Ian Woolford.

General Capital Subsidiary General Finance Market Update
General Capital Limited advises that its subsidiary General Finance Limited, a licensed Non-bank Deposit Taker, has uploaded its quarterly unaudited report for the quarter ended 30 June 2024 to the Disclose Register

Kiwibank admits breaching Fair Trading Act, incorrectly charging customers
The bank pleaded guilty to 21 charges where it incorrectly charged more than $7m to over 36,000 customers between 2019 and 2024.

Inflation falls to within Reserve Bank’s target range
Higher rent prices made up almost a fifth of the 2.2% annual increase.

Live: ‘Era of crushing price rises is over’ says Finance Minister
Kiwis can look forward to mortgage rates going down, Nicola Willis says, as inflation drops to its lowest level in over three years, within the Reserve Bank’s target range.

Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut
With annual inflation at 2.2%, those behind the decision said the economy had been evolving as expected.

Synlait executes documentation for new bank refinancing
Synlait Milk Limited (Synlait) has entered into definitive documentation to implement a refinancing of its banking facilities

Banks immediately jump on OCR reduction with their own cuts
Kiwibank, ASB, ANZ and Westpac moved quickly to pass on home loan rate cuts after the Reserve Bank’s decision.

Watch live: Reserve Bank cuts OCR, says inflation ‘returning to target band’
The pace of further easing will depend on inflation expectations anchoring around its 2% target, the Reserve Bank says.

Live: OCR decision time for Reserve Bank
What way will interest rates go after the central bank makes its monetary policy statement?

ANZ Bank drops some home loan and business interest rates
The changes come after the bank moved two weeks ago to cut all of its standard fixed term rates.

BNZ follows other major banks and trims home loan rates
The bank has reduced interest rates on all of its classic home loans - where a customer has at least 20% equity - by between 16 and 30 basis points.

Hopes of early rate cut expected to rise as inflation falls to 3.3%
The latest inflation figures are being digested by economists looking for clues on when when the Reserve Bank might feel able to cut interest rates.