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Breaking news

Dairy prices fall another -6.0% in Fonterra auction, led by declines in SMP, WMP and butter; average price down to US$2,787

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Jason Wong

RBNZ's OCR decoupling green light

RBNZ gives banks carte blanche to 'decouple' floating mortgage rates from the OCR; Says bank funding costs no longer tied to OCR and swap rates

Funding cost rises not hurting banks

Gareth Vaughan gives 8 reasons why the big banks aren't feeling much of a squeeze from rising funding costs

Funding cost rises fail to bite NZ banks

The Reserve Bank says banks cutting fixed-term mortgage rates suggests they have comfort around funding cost pressures