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The Latest Breaking News from Kiwibank

Minister tells Crown companies to ‘get on the bus’ with cost-cutting

But Air NZ, and the three big power gentailers that paid $564m in dividends last year, won't be expected to lay off staff. Jonathan Milne reports.

Newsroom.co.nz

Single or double? NZ's Reserve Bank considers cuts

Markets are pricing in a 50 basis point cut to New Zealand's official cash rate ahead of the Reserve Bank's decision this week.

AAP

Forecasts and hopes for New Zealand rates cut

New Zealand mortgage-holders could finally see relief to high interest rates, with the Reserve Bank considering near-term cuts.

AAP

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Owner beware: 4 reasons why selling part of Kiwibank could do more harm than good

To sell, or not to sell – that is the question various governments have asked since Kiwibank was established in 2002. Now it’s the turn of the current National-led coalition to examine the bank’s state ownership.

The Conversation

The grand plan to build Kiwibank into a maverick challenger

Dr John Small last changed banks 15 years ago, and it wasn't too hard. "We managed. It was definitely worth it. I probably shouldn't have done it again, in five yearly intervals since then, but haven't yet." The Commerce Commission chair wants New Zealanders to keep the banks on their…

Newsroom.co.nz

A 'hawkish' Reserve Bank rates decision will be bad for borrowers, good for savers

Business & investing: ANZ Bank economists expecting rate rise before year's end, but Kiwibank thinks hikes aren't necessary, writes Andrew Patterson

Newsroom.co.nz

'It's going to be messy': Banks underestimate threat of climate change

Modelling the impact of rising temperatures is an 'ongoing and living exercise', banks acknowledge. But climate planning experts say they're being complacent. Emma Ricketts reports.

Newsroom.co.nz

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The power of a well-designed uniform

Whether it's a corporate refresh with more cultural considerations, or a new version of a sporting uniform steeped in history, what our high profile teams wear matters.

Newsroom.co.nz

Reserve Bank's meat is retailers' poison

Not everyone will be pleased the RBNZ's drastic measures to cool the economy appear to be working, reports Nikki Mandow

Newsroom.co.nz

A short history of doing sweet FA on bank innovation

It’s not just the upcoming ComCom banking inquiry; three announcements in the past month are intended to nudge NZ towards more competitive, more innovative, consumer-focussed banking system. But it’s taken far too long, and there’s a long way to go.

Newsroom.co.nz

The mystery of NZ's weekday-only digital banking system

The world has had phone banking for almost 40 years; internet banking has been ubiquitous for 20 years. Computers don’t operate solely Monday to Friday. So why on earth is it only in the past couple of weeks that NZ’s payments system has geared up to work weekends?

Newsroom.co.nz

The recession you have when you’re not having a recession

While economists are expecting further contraction of the NZ economy this year, opinions vary as to how bad things could get.

Newsroom.co.nz

Reserve Bank faces new inflation headwinds as immigration surges

This week's interest rates decision will be a tough one that may yet disappoint mortgaged homeowners and turn NZ back down the path to recession, writes Andrew Patterson.

Newsroom.co.nz

Kiwi banks at odds with Aussie bosses over gambling on credit

Australian banks are supporting a Canberra government ban on gamblers using their credit cards to bet online. Their Kiwi subsidiaries are taking quite a different position.

Newsroom.co.nz

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Newsroom.co.nz

Amid fears for small players, big banks agree to a competition inquiry

Is NZ developing a two-tier banking system? There’s concern smaller savings institutions may be placed at greater risk, if customers follow Americans' flight to big banks this week. Jonathan Milne reports.

Newsroom.co.nz

Reserve Bank would back a Commerce Commission probe into bank profits

Some retirees could face a cold and hungry winter, as costs rise and banks slow-pedal their term deposit interest rates. It's allowing the big banks to maintain high margins and send record dividends back to their Australian owners. Jonathan Milne reports.

Newsroom.co.nz

Post-Covid inflation adds a new twist to the famous Phillips Curve

A 'wet weekend's work' by NZ's most brilliant economist is being embraced by the world's central banks to help chart a course out of pandemic.

Newsroom.co.nz

Taxing banks' excessive profits – be careful what you wish for

Hard-working New Zealanders will suffer the consequences of bank windfall taxes: higher interest rates, monetary policies frustrated, and a weaker financial system.

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The Guardian - AU

New Zealand inflation near record high as wisdom of interest rate rises questioned

Latest figures defy widespread predictions inflation would fall, as the central banks readies an ‘outsized’ rate hike

The Conversation

The government taking full ownership of Kiwibank is a bailout in all but name – what are the risks now?

With the transfer this week of Kiwibank’s assets to a state-owned company, the New Zealand crown has now taken full control of the bank. At an estimated cost of NZ$2.1 billion, the change of ownership has all the hallmarks of a government bailout.

The Guardian - AU

As New Zealand emerges from pandemic isolation, citizens queue up to leave

Surging living costs, low wages and the claustrophobia of two years behind closed borders have many seeking a fresh start elsewhere

Newsroom.co.nz

Coming of age: 20 years of Kiwibank

Mark Jennings looks back over two decades of Kiwibank, formed to provide an alternative to the big Australians | Content Partnership

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