Daily financial and business digest: no retail rate changes, Kiwibank eyes TSB, fraud uncovered
Tuesday's news brought retail rate stability, Kiwibank interest in TSB, negative demographic trends, a major fraud discovery, and currency movement.
Retail interest rates remained unchanged on Tuesday. Kiwibank showed interest in TSB. Demographic trends pointed in a negative direction. A significant fraud case came to light. The New Zealand dollar dipped while long bonds rose, and swap rates held steady.
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What happened Tuesday
A review of things you need to know before you sign off on Tuesday; no retail rate changes, Kiwibank sniffs at TSB, demographic trends look negative, big fraud uncovered, swaps stable, long bonds rise, NZD dips, & more