AGP Executive Report
Last update: 4 hours agoInflation & Rates: New Zealand inflation eased to 3.7% in September, but rising fuel prices could make the dip short-lived and strengthen the case for another Reserve Bank rate hike next week. Banking Fees: New Zealand’s Commerce Commission has capped interchange fees on commercial credit cards, a move expected to save businesses about NZ$40 million a year. Cross-Border Savings: OCBC will let Singapore customers hold up to MYR50,000 in ringgit from October 23, earn interest and spend with a linked debit card without foreign-currency transaction fees. Loan Risk: Chinese lenders are selling more nonperforming personal loans as squeezed margins push banks to clean up retail portfolios and free capital for new lending.
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