Bank of New Zealand’s loans to dairy farmers chalked up an $823 million deterioration in impairments in the year ended September.
Further cuts in the Reserve Bank’s official cash rate probably won’t have any impact on the housing market.
New figures suggest growth in housing credit may have passed its peak but new listings of houses for sale and their asking prices suggest continued house price inflation. With special feature audio.
Maybe it’s denial or maybe it’s just politics but the government-owned Kiwibank’s CEO, Paul Brock, says Kiwibank is growing its market share in the mortgage market when the numbers say otherwise. With special feature audio.
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.