Money
LVR ratio limits to ease from next month
From the start of June, the Reserve Bank will ease the loan-to-value ratio limits on lending to owner-occupier borrowers with less than a 20 percent deposit, as well as allow property investors to…
Government rejected Spark's offer to invest millions in disaster-proofing networks
Spark's offer to swap $24 million it planned to spend on a 5G rollout came after towns were completely cut off following Cyclone Gabrielle. Audio
Greens say benefit sanctions on people with children mainly used on women and Māori
The Green Party is concerned a policy that imposes sanctions on beneficiaries with outstanding arrest warrants is further widening the inequality gap.
Quick draw: Every-day online payment processing introduced
A big change to the way we pay the bills kicks in today - they'll now be processed 365 days a year, instead of just Monday to Friday - Kathryn is joined by Steve Wiggins, CEO of Payments NZ. Also… Audio
Bank payments now being processed every day
Previously, payments done on a weekend would not go through until Monday.
Govt's money saving tips campaign 'disrespectful' - AAAP
Auckland Action Against Poverty says a government campaign urging struggling households to find money in weird places is "disrespectful" and smacks of privilege.
The joint campaign with consummer and… Video, Audio
Your Money with Mary Holm
Today Mary talks to Jesse about the Kiwisaver positive results for the first quarter of 2023. There's also new Kiwisaver help for new parents. Audio
Spending must still be reined in - Reserve Bank Govenor
The Reserve Bank Govenor has defended his support of Labour's budget in front of a select committee after rising the offical cash rate once again. Members of Parliament have spent the morning grilling… Audio
Can the cash rate hold steady, or will house prices push it up?
Despite the Reserve Bank's signal that inflation is back in its cage, Westpac economists say house prices are about to head up and push the need for another official cash rate rise. Audio
Economist on peaking inflation
The pain of inflation may have peaked.
The Reserve Bank hiked the official cash rate by 25 basis points yesterday to 5.5%, and signalled that might be as high as it will go.
But it says we aren't… Audio
End to mortgage rate misery in sight
Is this the beginning of the end of the mortgage rate misery for both homeowners and the Government? The Reserve Bank has bumped up the Official Cash Rate to 5.5%, up 25 basis points, but with a… Audio
Will hiking the OCR worsen the cost of living?
A worker's union says the Reserve Bank's decision to hike the official cash rate will worsen the cost-of-living crisis.
According to a household cost index done by First Union, 23% of the direct… Audio
Interest rate hiked to 5.5 percent - economic analysis
High interest rates are here for a long time, not a good time, with the Reserve Bank cranking up the OCR another 25 basis points.
The central bank appears to think it's done its job - and 5.5 percent… Video, Audio
Retail spending drops to lowest level in a year
Consumer spending has fallen to its lowest level in more than a year as inflation and rising interest rates have curbed spending habits. Stats NZ says retail sales volumes fell 1-point-4 percent in… Audio
Let's lose our shame about money, says financial podcaster
The current high cost of living is affecting relationships as people don’t know how to say ‘I can’t afford that’, financial expert Simran Kaur says. Audio
Displaced homeowners fearful of end to accommodation assistance
Residents affected by Cyclone Gabrielle and the Auckland floods say their accommodation money is running out.
Rate hike expected - households already in "world of pain"
Economists are united in the view that interest rates will be hiked again today by the Reserve Bank as it continues to battle inflation. David Cunningham is CEO of mortgage broker Squirrel. He says… Audio
Luxon admits party's tax plans blowout by $1.5 billion
The Council of Trade Unions claims the National Party's plans to change tax thresholds is facing a $1.5 billion blow-out as a result of new forecasts from the 2023 Budget.
National had priced the… Audio
Property market pinch continues
The property market pinch continues as numbers from the first quarter of this year show more houses are being sold at a loss.
6.1% of property resales have made a loss, up from 4% percent in the… Audio
McAnulty approves 25 year betting partnership with UK
The Minister for Racing Kieran McAnulty has approved a 25-year partnership between the T-A-B and UK betting company Entain.
The deal is set to deliver at least $900 million in guaranteed funding for… Audio
