Doing it differently rather than following the pack is paying dividends for Heartland Bank.
Most economists are now picking a 25 basis point cut to the official cash rate next Thursday, with the market pricing in a 94% chance of a cut. With special feature audio.
The Reserve Bank says the risks to financial stability from the housing market and the dairy downturn have increased in the last six months. With special feature audio.
If the value of dairy farms drops 40%, the rest of the economy is also likely to be in dire straits and banks would probably be facing a funding crisis. With special audio feature.
Dairy farmers' sustainable break-even levels are higher than their bankers have estimated, says an agricultural economist. With special audio feature.