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RBNZ hikes OCR to 3%

RBNZ lifts OCR by 25 bps to 3% as expected; repeats that high NZ$ not sustainable, but also says it is reducing inflation pressures; will take NZ$ into account when setting rates; NZ$ rises

NZ gets cues from AU

Global interest rates slightly softer as a mild risk-off tone pervades markets

ASB raises $400 mln

ASB borrows $400 mln at 6.65% in 'complex' 10-year debt issue

Re-rating of the Kiwi dollar starting to emerge

Roger J Kerr reminds us that the demand to invest into NZ’s higher yields dissipates quickly if the currency ceases to appreciate and starts to depreciate

Why Anthony Healy got BNZ's top job

Leadership, diversity work and being 'deeply embedded in banking' got Anthony Healy BNZ's top job

OCR lifted to 3%

Reserve Bank increases official interest rates by another quarter of a percentage point

NZ Govt Bond tender number 518 results

Latest bond tender of NZ$200 mln received bids for NZ$851 mln with an average weighted yield of 4.40% (previously 4.37%)

Anthony Healy named new BNZ CEO

Anthony Healy, currently director of BNZ Partners, to succeed Andrew Thorburn as BNZ CEO

Inflation weaker than expected

Inflation weaker than expected as strong NZ$, lower airfares and lower electronics costs offset tobacco tax hike and surge in housing cost inflation; OCR hike still on for next Thursday

English sees 20% wage growth in 6 yrs

English says Treasury will forecast GDP growth of 2-4% from 2014 to 2018 in Budget 2014; sees average wage growth of 20% in six years to 2018