Finance Press Releases

In this current economy your good name and credit reputation is important as Creditors have tightened their guidelines. Mortgage lenders, auto finance companies, credit card issuers and banks have all raised the bar. Borrowers with a poor credit history can expect to be denied or to pay significantly higher interest rates than those with an excellent credit history.

A post celebrating the YouTube video The Muntstones was being written in the sleepy district of Darfield when a quake interrupted the writing of the word “despair”.

For the first time Fonterra has issued debt denominated in Chinese renminbi, and is the first Australasian corporate to tap the CNH market.

Economic activity is considered to have improved following the previous OCR statement from Alan Bollard, Reserve Bank Governor as the OCR is maintained at 2.5 percent.

Steven Joyce, Tertiary Education Minister announces that the 2011 Budget will allow for up to $42 million to cover trades training in Canterbury.

Along with the release of the RBNZ May 2011 Financial Stability Report, Alan Bollard the Reserve Bank Governor announces that the financial system is better positioned to support economic growth however it still faces an uncertain environment.

The Financial Markets Authority (FMA) looks to advise investors to think carefully about becoming wholesale clients.

Mortgage link announce a new pathway to publicly show competence and ensure above average performance.

The OCR remains unchanged at 2.5 percent with the RBNZ Governor describing the outlook as “uncertain” following the Christchurch earthquake.

The New Zealand Reserve Bank announce that the OCR (Official Cash Rate) is today being reduced by 50 points to 2.5 percent.

The Government has extended the full range of support the New Zealand Export Credit Office provides to exporters for another three years, Finance Minister Bill English says.

Property For Industry (PFI) a listed industrial property investor announces on the NZX that it has secured a new five-year bank debt facility of $150 million.

Alan Bollard, Reserve Bank Governor says interest rates are projected to rise to a more limited extend for the next two years in comparison to that signalled in the September release.

The Reserve Bank of New Zealand (RBNZ) release a submission to the Government’s Savings Working Group.

The Reserve Bank of New Zealand finalises the main policy decisions in its review of disclosure requirements for registered banks achieving better information and less compliance costs.

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 3.0 percent. Reserve Bank Governor Alan Bollard said: “While the global and domestic economies continue to recover, the outlook has weakened since our June Statement. We consider it appropriate at this point to keep the OCR on hold.

The Reserve Bank of New Zealand (RBNZ) releases the 2011 Official Case Rate (OCR), Monetary Policy Statement (MPS) and Financial Stability Reporting (FSR) dates. Provisional 2012 dates for the first six monts are also included for the first time to help with financial market planning.

RBNZ Deputy Governor Grant Spencer invites submissions on proposals to change the disclosure regime for registered banks to reduce compliance costs.

Alan Bollard, Reserve Bank Governor of New Zealand announces an increase of the New Zealand OCR by 25 basis points to 3.0 percent.

The Commerce Commission has determined payment distribution to ANZ/ING investors. The payment method should return about 95% of the capital originally invested by eligible investors.