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After pressure from supermarkets, New Zealand has followed Australia in raising the limits for contactless payments in order to reduce the risk of Covid-19 transmission from keypads. read more

The Reserve Bank of New Zealand is asking the Government for more money so it can increase the intensity of its scrutiny of banks and insurers, after it has become clear directors and senior executive.. read more

A survey by the RBNZ of the use of cash found that nearly nine in every 10 Kiwis prefer to pay for things without using cash, and most are indifferent about the decline of cash - as long as they can p.. read more

The RBNZ surprised markets with a deeper than expected cut to the OCR. Reserve Bank Governor Adrian Orr said the bank's Monetary Policy Committee "tossed and turned around" before decided to cut the r.. read more

Gerard Brody of the Consumer Action Law Centre travelled across the Tasman to join Kiwi consumer and debt advice organisations calling for the New Zealand Government to bring in an interest rate cap t.. read more

In its submission on the Reserve Banks proposed bank capital changes, Westpac NZ warns that home loan borrowers will pay the price to the tune of $6000 a year on top of the average Auckland mortgage. read more

The Australian-owned banks do not shine in the latest Consumer NZ's latest banking satisfaction survey. read more

The Reserve Bank of New Zealand has reinforced that levelling the playing field between locally-owned banks and the Australian-owned Big Four is one of the aims of its proposed capital reforms. read more

The Reserve Bank of New Zealand has signed a new charter outlining the rules under which its new Monetary Policy Committee will operate, and has also officially adopted a new dual mandate. read more

A report into the culture and conduct of the life insurance sector has proved the final straw for the New Zealand government, which has promised to fast track tougher new financial regulation that may.. read more