Reserve Bank pulls out new lending restrictions

Posted 10:29am Sunday 24th July 2016 by Hugh Baird

The Reserve Bank announced last week that new restrictions will be put in place for lending on property in an attempt to cool the already heated property market.  The changes announced will see property investors throughout the country needing a minimum required deposit of 40 percent, while Read more...

Reserve Bank Cuts OCR Amid Dairy Crisis

Posted 10:59am Sunday 20th March 2016 by Hugh Baird

The Reserve Bank has cut the Official Cash Rate to 2.25 percent, the lowest it has ever been with predictions it could drop a further 25 basis points to 2 percent later this year.  Reserve Bank Governor, Mr Graeme Wheeler justified his decision for cutting rates by explaining that threats Read more...

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