The news as it's reported
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Category: "NZ Business"
New dwelling consents at 45 year high in year to February
Tougher border controls announced; symptomatic overseas arrivals will be put in government-arranged quarantine
Kiwibank also cuts a fixed mortgage rate hard, goes lower than ANZ (just). And also cuts TD rates.
Fonterra reports big profit recovery but leaves milk payout forecast unchanged and won’t pay an interim dividend.
RBNZ moves to buy corporate and asset-backed securities from banks to ensure banks fund corporate clients.
Banks agree to provide 6-month mortgage repayment holidays to those whose incomes are affected by COVID-19; Govt to underwrite 80% of some business loans to encourage banks to keep lending
Kiwibank cutting 1-year fixed mortgage rate ‘special’ by 36bps from Monday to 3.09%, cutting savings rates by between 10 and 50bps
HSBC pushes some fixed home loan rates down below 3%.
RBNZ to start large scale asset purchases amounting to $30 bln of support.
ANZ cuts its one and two year fixed mortgage rates sharply. TD rates cut too.
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