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Reserve Bank's OCR move 'birdbrained' and spineless, says top economist

ANZ and ASB raise floating and flexible mortage rates despite central bank electing only for a 'cautious' 25bp rise in the OCR.

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Westpac NZ's risky government needs "significant improvement," RBNZ By Reuters says

© Reuters. FILE PHOTO: An office building with the Westpac logo is seen amidst the reduction of coronavirus disease (COVID-19) in the Central Business

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Business Scoop » Views Sought On Debt Servicing Restrictions Framework

Business Scoop provides news and views on Business and Markets from New Zealand

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ANZ suspends low-deposit home loans to comply with RBNZ rules

The ANZ bank has put a clamp on low-deposit lending to owner-occupiers wanting to buy existing homes as it moves to comply with tighter Reserve Bank lending rules.

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RBNZ eyes DTI, serviceability limits

The Reserve Bank of New Zealand has sought feedback on debt serviceability restrictions for mortgage lending, preparing to deploy them if needed. The Reserve Bank of New Zealand (RBNZ), or Te Pūtea M

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Views sought on debt servicing restrictions framework

Views sought on debt servicing restrictions framework
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Financial system well-placed to support economic recovery despite uncertainty and risks

The resilience of our financial system to the challenges presented by COVID-19 is reassuring given the uncharted waters ahead, Governor Adrian Orr

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Reserve Bank expects more caution from banks amid risk of house price correction

But the central bank describes the ability of the financial system to weather any storm as 'reassuring'.

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Business Scoop » Financial System Well-placed To Support Economic Recovery Despite Uncertainty And Risks

Business Scoop provides news and views on Business and Markets from New Zealand

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Business Scoop » Inaugural Insurance Stress Test Highlights Reliance On Reinsurance

Business Scoop provides news and views on Business and Markets from New Zealand

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