new zealand

Former New Zealand prime minister Sir John Key will be retiring from his position as chair of the ANZ New Zealand board next month.

The Reserve Bank of New Zealand will ease rules limiting new lending to home loan borrowers with small deposits.

The country’s official data agency has said that the consumer price index hit 7.3 per cent during the June quarter.

The government has called for the Council of Financial Regulators to bring forward a review of lending practices after “conservative” lending practices were flagged.