Westpac New Zealand welcomes new board directors

It bids farewell to two board members

ANZ hikes mortgage rates in lockdown

The new fixed rates surpass the norm for other major banks

NZ economy was surging prior to lockdown - report

It was well ahead of economists’ expectations

Mortgage rates expected to climb despite record low OCR

“We are past the low point for interest rates”

Home buyers remain “doubtful” despite predictions of rapid price drop

Major bank's economists expect house price growth to drop to only 2%

CoreLogic: Housing affordability dramatically declines across New Zealand

Average property value hits record high in series' 18-year history

RBNZ deputy governor Geoff Bascand announces departure

He has served in the role since May 2013

Westpac increases mortgage rates during lockdown

One of the rates is the highest of any bank on a “specials” basis for that fixed term

Reserve Bank proposes tighter LVRs

It seeks industry feedback