The Reserve Bank slashed the Official Cash Rate to 2.50% to bolster faith in an economic recovery that seems to have stalled over the past six months

ANZ is the first mover after the -50 bps OCR cut, passing on -40 bps to floating rate borrowers, Westpac only passes on -30 bps, ASB & BNZ go -30 bps too. By Kiwibank it is -35 bps

Sharesies teams up with Mastercard to offer debit card where people can earn money that goes into their investments

US equities have recovered after their one-day dip, with investors disregarding warnings of a developing AI bubble. The NZD recovers a lot of its loss after the RBNZ’s dovish 50bps cut. OIS market prices in a full 25bps cut for November

Number of properties available to rent up 24% compared to a year ago, with the average asking rent down $20 a week

Susan St John argues Jobseeker changes turn young adults into dependent children, and squeeze households further

Reserve Bank says it sees little risk of inflation and is willing to keep cutting interest rates even with inflation near 3%