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The comment stream

Reader poll

The economy.
40% (101 votes)
Affordable housing.
24% (60 votes)
Sales of NZ land to foreigners.
22% (55 votes)
Education & health.
10% (26 votes)
4% (9 votes)
Total voters: 251

What do you view as the biggest election campaign issue?

Older polls

Core funding ratio

Big banks & wholesale funding dependence

No end in sight for big 4 NZ banks' 'structural' reliance on offshore wholesale funding

RBNZ's Spencer sees liquidity policy review

RBNZ's liquidity policy, including the much heralded Core Funding Ratio, facing change as part of regulatory stocktake

What happened Wednesday

Green light for F&P Finance restructure; BNZ meets market on TD's; more spent on travel & healthcare in June; RBNZ up's GDP forecast; new lending code; court date set for Hanover

What happened Tuesday

A review of things you need to know before you go home on Tuesday; SBS Bank changes mortgage rates, rents unchanged, inflation coming, P2P market born, NZD nudges record high

What happened Monday

A review of things you need to know before you go home on Monday; mortgage and td rate change flurry, Chch CBD fills up, QV house prices up 8%, MetroGlass IPO redux, NZD sags

What happened Friday

A review of things you need to know before you go home on Friday; no retail rate changes, core funding slip, Abe to visit, wholesale rates rise, dairy price falls

'Resilient in the face of severe economic shock'

NZ's big 4 banks could survive a major economic downturn featuring unemployment rising to 11.5%, commodity prices dropping 40% & house & farm prices falling 30%, stress tests suggest

What about the savers?

A rising OCR should see bank deposit rates rise but banks already flush with cash may mean increases aren't as big as they could be

Offshore bank funding down 25%

Offshore bank funding down $36 bln since global financial crisis with banks forced to make more use of customer deposits

IMF lauds RBNZ's Core Funding Ratio

Reserve Bank's Core Funding Ratio hailed as a success by the IMF, which says it may have impacted credit growth