Why the Reserve Bank expects savers to start spreading their money across banks and other deposit takers
How a new deposit compensation scheme could see a big shifting of funds. Source: NZ Herald Business News
Rape survivor’s legal win opens door to about 100,000 victims able to claim billions from ACC
ACC puts $3.6 billion aside, as it prepares to significantly expand its cover. Source: NZ Herald Business News
ACC books plunge $7.2b into deficit as state insurer proposes hiking levies
The Government is to decide whether to increase ACC levies. Source: NZ Herald Business News
Fast-track Approvals Bill: Chris Bishop bows out of Winton Land decision ‘out of an abundance of caution’
How ministers managed potential conflicts of interest choosing projects for fast-tracking. Source: NZ Herald Business News
Public service shrinks by 2162 people in six months – Nicola Willis wants more cuts
Willis says departments should plan to receive no new funding for cost pressures. Source: NZ Herald Business News
Government deficit widens by more than expected, partially thanks to Health NZ and higher ACC claims costs
Treasury wary of higher Health NZ staff costs and ACC claims costs. Source: NZ Herald Business News
Will savers be stung more than borrowers benefit from falling interest rates?
Banks could profiteer from changing interest rate environment. Source: NZ Herald Business News
Banks’ test interest rates remain high, despite looming official cash rate cuts
Broker sees another hurdle on the horizon once rates fall. Source: NZ Herald Business News
Reserve Bank hits back at critics, arguing its bank capital rules aren’t hurting NZ farmers and businesses
Regulator agues its bank capital rules aren't hurting farmers and businesses. Source: NZ Herald Business News
Politicians agree Government shouldn’t stop flood-prone property values from falling and insurers from hiking premiums
Committee agrees property values should be allowed to fall to better reflect climate risk. Source: NZ Herald Business News