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Incomes Rise For Mortgage Holders As Interest Rates Fall

Incomes Rise For Mortgage Holders As Interest Rates Fall
scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.

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Reserve Bank Consults On Interim Insurance Solvency Standard

Thursday, 22 July 2021, 10:44 am
The Reserve Bank – Te Pūtea Matua – is today
welcoming views on an interim Solvency Standard for
insurers, which will determine the minimum amounts of
capital that insurers must hold.
The interim standard
is needed in order to take account of upcoming changes to
the accounting rules (IFRS 17) and to incorporate feedback
on our current solvency standards. It has been designed so
that policyholders can be comfortable that an insurance
company has enough funds to meet its promises to
policyholders, even if it fails, Deputy Governor and General
Manager of Financial Stability Geoff Bascand
says.
“Through our review of the standard we have ....

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Monetary Stimulus Reduced | Scoop News

The Monetary Policy Committee agreed to reduce the
current stimulatory level of monetary settings in order to
meet its consumer price and employment objectives over the
medium-term.
The Reserve Bank will halt additional
asset purchases under the Large Scale Asset Purchase (LSAP)
programme by 23 July 2021. The Committee will keep the
Official Cash Rate (OCR) at 0.25 percent and the Funding for
Lending Programme unchanged.
The global economic
outlook continues to improve, providing ongoing price
support for New Zealand’s export commodities. Global
monetary and fiscal settings remain at accommodative levels
supporting the recovery in economic activity. Rising
vaccination rates across many countries are providing ....

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Reserve Bank Confirms Consultations "Key To The Future Of How New Zealanders Pay And Save"

Reserve Bank Confirms Consultations "Key To The Future Of How New Zealanders Pay And Save"
scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.

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The Co-operative Bank Giving $2.5 Million Back To Customers

Wednesday, 7 July 2021, 10:38 am
128,000 customers of The Co-operative Bank
throughout New Zealand are receiving a mid-winter boost,
thanks to the Bank’s annual rebate – this year totalling
$2.5 million.
The Co-operative Bank’s CEO
David Cunningham says customers are the focus of everything
the Bank does and giving back to customers is a highlight
each year.
“Since 2015, we have shared more than $15
million of our profit with customers through rebates. Last
year, because of Covid-19 we weren’t able to pay a rebate,
but we are excited that the business can give back to our
customers again this year.
“We’re owned by our ....

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