Fears depositor compensation scheme could give big banks more market power
Small non-bank deposit takers urge Govt not to make scheme too big and costly. Source: NZ Herald Business News
Reality of high interest rates has set in, bank lending data shows
Bank data shows SMEs and commercial property owners are doing it particularly tough. Source: NZ Herald Business News
National, Act at odds over how to provide tax cuts and end property interest deduction rule
Nicola Willis is getting advice on blending National's and Act's income tax policies. Source: NZ Herald Business News
Nicola Willis’ mini-Budget and Treasury’s Hyefu show something’s going to have to give to get books back in shape
The work starts now for Finance Minister Nicola Willis. Source: NZ Herald Business News
Housing Minister Chris Bishop assures Kāinga Ora review won’t slow public housing build – for now at least
Chris Bishop commits to continuing to grow the number of public houses. Source: NZ Herald Business News
Nicola Willis to use mini-Budget and Treasury’s half year update as a scene-setter
Treasury's forecasts are likely to be rosier than reality. Source: NZ Herald Business News
Treasury: Making the Reserve Bank focus on price stability could affect expectations and help lower inflation
However, officials are worried about chopping and changing the Reserve Bank Act. Source: NZ Herald Business News
Reserve Bank would think twice before removing LVR mortgage restrictions again
Regulator makes case for introduction of debt-to-income restrictions. Source: NZ Herald Business News
Contractors’ rights still unclear in National, Act coalition agreement
Act had campaigned on stopping contractors going to court over employment status. Source: NZ Herald Business News
Reserve Bank’s proposed debt-to-income restrictions unlikely to have much bite – for now
The RBNZ deputy governor sheds some light on the new debt-to-income restrictions. Source: NZ Herald Business News