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RBNZ boosts cash rate to 3%

New Zealand’s central bank has committed to another cash hike in the face of surging inflation, tacking an extra 50 bps. ....

New Zealand , Sam Nichols , Reserve Bank , Monetary Policy Remit ,

Rates up to 91 bps higher for existing borrowers: Lendi

Long-term borrowers are paying up to $70,000 more in repayments than first-time customers, according to new figures released by the non-bank. According to Lendi’s data, which is said to compare ....

Sam Nichols , David Hyman , Consumer Commission , Reserve Bank , Australian Competition , Home Loan Price Inquiry ,

NAB reports lift to lending, deposits following Citi acquisition

The bank has released its June quarter results, reporting a lending and deposit boost in the wake of its deal with the lender. Since June 2, following its $1.2 billion acquisition, National Australia ....

Ross Mcewan , Sam Nichols , National Australia Bank ,

Frollo confirms app screen scrape phase-out

The fintech has pledged to remove screen scraping from its app where open banking is available. Screen scraping is a form of automated data collecting that allows a third party, following approval, t ....

United Kingdom , Simon Docherty , Sam Nichols , Tony Thrassis , Open Banking , Beyond Bank ,

Owner-occupier demand cools over 2022 as investors lift

The Reserve Bank’s latest Statement on Monetary Policy reported that borrowing growth slowed during 2022’s first half, driven by a lull among owner-occupiers. ....

Sam Nichols , Reserve Bank , Tim Lawless ,