Reserve Bank tips risky lending limits
The Reserve Bank would impose limits on riskier mortgage lending with smaller deposits if it judged those loans to be a "significant risk" to financial stability.
The Reserve Bank would impose limits on riskier mortgage lending with smaller deposits if it judged those loans to be a "significant risk" to financial stability.
Increasing pressure in a housing market where supply is failing to meet demand is posing a growing risk to our financial stability, says the Reserve Bank.
Expectations of house price inflation have hit a record high in ASB's quarterly survey, while the numbers who consider it a good time to buy a house continue to fall.
Wellington is a city facing challenges and great competition from Auckland but commentators say it is by no means "dying" as Prime Minister John Key has claimed.
The Grey Power-led petition to force a referendum on the Government’s partial asset sales policy has failed because it did not have enough signatures.
Prime Minister John Key has offered "an unreserved apology'' to any Wellingtonian offended by his comment that the capital city was "dying".
New Zealand's chief financial officers are feeling cautiously upbeat but remain worried about challenges in Europe.
Australian consumers are spending again, though not as much of their income as they did before the global crisis five years ago.
The government kept a smaller operating deficit than forecast in the first nine months of the financial year, even as the cost of the Canterbury earthquakes grew.
A comparison of some recent economic data shows New Zealand outperforming Australia.
Fearing that a generation of Europeans is doomed to joblessness, the European Union is quietly side-lining the doctrine of austerity and instead placing its bet on encouraging growth.
Average house prices in Auckland fell from a record high last month, snapping a three-month advance as more properties came to market, according to new statistics.
Labour and the Greens have defended their controversial electricity policy after New Zealand's business leaders issued an open letter asking them to withdraw it.
Prices have fallen more than 7 per cent in the latest global dairy auction held overnight. It comes after a slight dip in prices two weeks ago.
Asking prices for property in New Zealand reached an all-time high last month, according to new figures.
Economic backwaters like Northland and Gisborne should learn from the West Coast, Waikato and Taranaki.
The backdrop is positive for New Zealand and will help offset some of the more domestic headwinds that are emerging, writes Anoop Singh.
Ambitious plans to create a $150 million world-class marine industry precinct at Hobsonville near a vast new housing estate have met with a limp reception.
Businesses remain in a buoyant mood, ANZ's monthly business outlook survey found.
A decline in revenue at the ANZ - the country's largest bank - could signal a down-turn in earnings across the industry, says an expert.