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‘I would be very disappointed’ if banks passed costs of a new prudential levy onto their customers, Finance Minister Nicola Willis says

‘I would be very disappointed’ if banks passed costs of a new prudential levy onto their customers, Finance Minister Nicola Willis says

A return to the 'broccoli' Budget, a 'glass half full view,' a 'small b Budget,' and more reaction to Budget 2026

A return to the 'broccoli' Budget, a 'glass half full view,' a 'small b Budget,' and more reaction to Budget 2026

Government introduces new levy on banks, non-bank deposit takers, insurers and financial market infrastructure providers which is estimated to raise $209 million over the next four years

Government introduces new levy on banks, non-bank deposit takers, insurers and financial market infrastructure providers which is estimated to raise $209 million over the next four years

Most economists predict the Reserve Bank will start raising the Official Cash Rate from July, following a split vote at May's Monetary Policy Committee meeting

Most economists predict the Reserve Bank will start raising the Official Cash Rate from July, following a split vote at May's Monetary Policy Committee meeting

Government tipped to 'largely stick to its fiscal knitting' in election year budget, but will there be any election sweeteners?

Government tipped to 'largely stick to its fiscal knitting' in election year budget, but will there be any election sweeteners?

Fuel to Food: Wider consequences of the Strait of Hormuz closure on NZ include fertiliser and plastics

Fuel to Food: Wider consequences of the Strait of Hormuz closure on NZ include fertiliser and plastics

Bank economists expect the RBNZ to keep the Official Cash Rate on hold on Wednesday as inflation uncertainty clouds the timing of future hikes

Bank economists expect the RBNZ to keep the Official Cash Rate on hold on Wednesday as inflation uncertainty clouds the timing of future hikes

New survey details how mortgage brokers rank banks and non-banks, and what they want from them

New survey details how mortgage brokers rank banks and non-banks, and what they want from them

After softer than expected April SPI figures, Westpac NZ economist says full impact of oil price rises yet to be felt through supply chain and a 'sharp rise' in inflation is still on the cards for the middle part of 2026

After softer than expected April SPI figures, Westpac NZ economist says full impact of oil price rises yet to be felt through supply chain and a 'sharp rise' in inflation is still on the cards for the middle part of 2026

Inflation expectations rise in RBNZ survey for the short and medium terms, dip in longer-term expectations

Inflation expectations rise in RBNZ survey for the short and medium terms, dip in longer-term expectations

Inside the tiny New Zealand firm that transferred millions for high-risk clients

Inside the tiny New Zealand firm that transferred millions for high-risk clients

Big four Aussie owned banks' combined half-year dividends fall despite three increasing their own dividends

Big four Aussie owned banks' combined half-year dividends fall despite three increasing their own dividends

Improvements likely to show up in labour market data for March quarter, economists say, but it will be old news reflecting economic conditions before Middle East conflict began

Improvements likely to show up in labour market data for March quarter, economists say, but it will be old news reflecting economic conditions before Middle East conflict began

Whilst it may monitor banks' OCR pass through data, the FMA acknowledges banks have no legal obligation to pass on changes as most appear to pad floating mortgage rate margins

Whilst it may monitor banks' OCR pass through data, the FMA acknowledges banks have no legal obligation to pass on changes as most appear to pad floating mortgage rate margins

Kiwibank makes mortgage rate changes, staying competitive for one year fixed but they now have the highest carded rates for longer fixed terms. Its matching term deposit rate changes are for terms savers don't favour

Kiwibank makes mortgage rate changes, staying competitive for one year fixed but they now have the highest carded rates for longer fixed terms. Its matching term deposit rate changes are for terms savers don't favour