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20 May 2024 6:50
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      Home > News > Business

    ANZ has revealed it's New Zealand customers owe almost two-billion dollars in overdue mortgage repayments

    ANZ has revealed it's New Zealand customers owe almost two-billion dollars in overdue mortgage repayments

    8 May 2024
    However, the bank says people are faring better than expected with higher interest rates, a message being echoed by Westpac New Zealand.

    Meanwhile, there is some good news this morning, with ASB dropping its fixed home lending rates for the seventh time this year.

    The Reserve Bank will review the OCR again in two weeks, but most economists now expect it to remain unchanged at 5.5 percent until next year.

    Australia's central banks last night opted to keep its rate unchanged, warning inflation is proving hard to curb.

    © 2024 Newstalk ZB, NZCity


     Other Business News
     19 May: Police have been called to a business on Godley Road, in Auckland's Green Bay, following a report of a robbery shortly after 5 this evening
     19 May: Softening performance in the property market - reflecting external factors at play
     19 May: Small business owners are feeling optimistic their messages on retail crime came across to officials
     18 May: Hospitality owners in the capital are hoping for a successful night for the Wellington Phoenix
     18 May: Hopes improved growing conditions so far this yea,r can see more broccoli on supermarket shelves
     18 May: The hospitality sector is holding up despite economic challenges
     18 May: Interest rates continue to hold back house price growth
     Top Stories

    RUGBY RUGBY
    The Mainland Tactix are back in the win column after a 53-44 victory over the Southern Steel in Christchurch More...

    BUSINESS BUSINESS
    Police have been called to a business on Godley Road, in Auckland's Green Bay, following a report of a robbery shortly after 5 this evening More...


     Today's News

    		 Rugby League:
    Red Bull's Max Verstappen has won the Formula One grand prix at Imola, finishing 0.725 of a second ahead of McLaren's Lando Norris 6:27

     Motorsports:
    Andre Heimgartner has qualified the best of the Kiwis in eighth for tonight's race ten of the Supercars Championship in Perth 21:56

     Business:
    Police have been called to a business on Godley Road, in Auckland's Green Bay, following a report of a robbery shortly after 5 this evening 21:16

     Law and Order:
    Police are making enquiries after a man was found dead in Invercargill this morning 18:56

     Rugby:
    The Mainland Tactix are back in the win column after a 53-44 victory over the Southern Steel in Christchurch 18:36

     Rugby League:
    Fill-in fullback Taine Tuaupiki is the hero for the Warriors, who've snapped their four-game losing streak by stunning the Penrith Panthers 22-20 in NRL Magic Round in Brisbane 18:26

     Law and Order:
    Police are seeking sightings of 32-year-old Jacob Morgan who has a warrant for arrest 17:36

     Motoring:
    Delays on for northbound traffic on Auckland's southern motorway - a crash is blocking the right-hand lanes just after Market Rd off-ramp 17:26

     Accident and Emergency:
    State Highway 5 at Tapapa in Waikato is closed after a serious crash 16:17

     Accident and Emergency:
    The wreckage of what is understood to be a home built helicopter, has been removed following a crash at Uretiti Beach in Northland 15:27

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