Warning shoppers losing out as credit card benefits cut
BNZ has reduced the number of interest-free days available on two of its credit cards, in response to new interchange fee rules. When credit cardholders clear their balance each month,…
Housing market’s ‘tale of two islands’
New Zealand’s housing market is a “tale of two islands”, one economist says – as the fortunes of sellers and house hunters in the South Island rapidly diverge from their…
Reserve Bank Warns of Strained Levels in Household Borrowing
The Reserve Bank has sounded a cautionary note as more homeowners find themselves struggling with mortgage payments, especially those aged 30 to 50. The bank’s six-monthly Financial Stability Report highlights…