ASB
HSBC economist Paul Bloxham is suggesting ways New Zealand could reclaim the former superstar status he bestowed upon us
28th Aug 24, 2:48pm
21
HSBC economist Paul Bloxham is suggesting ways New Zealand could reclaim the former superstar status he bestowed upon us
Whilst the big bank bosses won't be quaking in their boots, the Commerce Commission's bank competition probe, and Nicola Willis' response, has put the issue very much on the political agenda
27th Aug 24, 5:00am
6
Whilst the big bank bosses won't be quaking in their boots, the Commerce Commission's bank competition probe, and Nicola Willis' response, has put the issue very much on the political agenda
Record $191 million in early KiwiSaver withdrawals during July as more people tap into KiwiSaver for first homes and financial hardship reasons
26th Aug 24, 2:06pm
10
Record $191 million in early KiwiSaver withdrawals during July as more people tap into KiwiSaver for first homes and financial hardship reasons
ASB reclaims its market leading rate card with more rapid-fire rate cuts. Challenger banks also chime in with some notably low levels too
22nd Aug 24, 9:08am
41
ASB reclaims its market leading rate card with more rapid-fire rate cuts. Challenger banks also chime in with some notably low levels too
On the Of Interest podcast Commerce Commission Chairman John Small discusses how the success of open banking can be measured, and why the growth process is what matters for a scaling up Kiwibank
21st Aug 24, 10:07am
4
On the Of Interest podcast Commerce Commission Chairman John Small discusses how the success of open banking can be measured, and why the growth process is what matters for a scaling up Kiwibank
[updated]
Nicola Willis & Andrew Bayly set sights on Kiwibank, open banking, the Reserve Bank & mortgage brokers in response to Commerce Commission competition study
20th Aug 24, 11:35am
85
Nicola Willis & Andrew Bayly set sights on Kiwibank, open banking, the Reserve Bank & mortgage brokers in response to Commerce Commission competition study
BNZ head of research Stephen Toplis says it will take till 2029 for per capita GDP to return to previous levels
19th Aug 24, 2:36pm
75
BNZ head of research Stephen Toplis says it will take till 2029 for per capita GDP to return to previous levels
[updated]
ANZ cuts fixed home loan rate card to best in market, and cuts term deposit rates just as hard. The Cooperative bank goes even lower for a one year fixed term. BNZ follows
19th Aug 24, 12:53pm
94
ANZ cuts fixed home loan rate card to best in market, and cuts term deposit rates just as hard. The Cooperative bank goes even lower for a one year fixed term. BNZ follows
Westpac makes its fourth home loan rate cut since the start of July in a bid to claim the 'lowest rate card'
16th Aug 24, 4:07pm
17
Westpac makes its fourth home loan rate cut since the start of July in a bid to claim the 'lowest rate card'
New Zealand has a chance to learn from other countries on consumer data right, ASB CEO Vittoria Shortt says
16th Aug 24, 9:53am
New Zealand has a chance to learn from other countries on consumer data right, ASB CEO Vittoria Shortt says
[updated]
Statistics NZ says food prices rose 0.6% in the year to July; annual rental growth of 4.3% is the slowest rate of growth since November 2023
15th Aug 24, 11:26am
37
Statistics NZ says food prices rose 0.6% in the year to July; annual rental growth of 4.3% is the slowest rate of growth since November 2023
ASB CEO Vittoria Shortt says NZ exporters' customers want them to reduce greenhouse gas emissions and what matters is what customers want
15th Aug 24, 9:34am
ASB CEO Vittoria Shortt says NZ exporters' customers want them to reduce greenhouse gas emissions and what matters is what customers want
[updated]
Kiwibank leads the rate cutting following the RBNZ's 25 basis points OCR reduction. ASB also cut fixed rates making its whole rate card market-leading - for now. ANZ cuts too, now Westpac
14th Aug 24, 2:17pm
58
Kiwibank leads the rate cutting following the RBNZ's 25 basis points OCR reduction. ASB also cut fixed rates making its whole rate card market-leading - for now. ANZ cuts too, now Westpac
[updated]
Income & net interest margin down with expenses up as ASB posts 7% drop in annual profit
14th Aug 24, 10:36am
26
Income & net interest margin down with expenses up as ASB posts 7% drop in annual profit
TSB jumps in with a market-low one year home loan rate of 6.69%, a 16 bps advantage over the major banks. Others are likely waiting for the RBNZ before assessing their rate moves
13th Aug 24, 9:50am
43
TSB jumps in with a market-low one year home loan rate of 6.69%, a 16 bps advantage over the major banks. Others are likely waiting for the RBNZ before assessing their rate moves
HSBC economist Paul Bloxham suggests the RBNZ's May Official Cash Rate guidance 'was not a genuine reflection of the central bank's reaction function'
12th Aug 24, 2:20pm
33
HSBC economist Paul Bloxham suggests the RBNZ's May Official Cash Rate guidance 'was not a genuine reflection of the central bank's reaction function'
Home loan rates fall again at two more banks, and 5.99% seems to be where carded retail rates are headed with SBS Bank offering that for two years fixed
8th Aug 24, 4:57pm
31
Home loan rates fall again at two more banks, and 5.99% seems to be where carded retail rates are headed with SBS Bank offering that for two years fixed
KiwiSaver funds under management reached $110.8 billion in June quarter, according to new Morningstar report, with ANZ continuing to hold onto biggest slice of the market
7th Aug 24, 3:14pm
2
KiwiSaver funds under management reached $110.8 billion in June quarter, according to new Morningstar report, with ANZ continuing to hold onto biggest slice of the market
More major banks rush to cut mortgage rates with sub-6% rate offers spreading. These cuts come as wholesale rates dive ahead of next week's RBNZ rate review. Some TD rates drop too
6th Aug 24, 8:44am
101
More major banks rush to cut mortgage rates with sub-6% rate offers spreading. These cuts come as wholesale rates dive ahead of next week's RBNZ rate review. Some TD rates drop too
ANZ cuts floating & fixed home loan rates, business base rates, and some term deposit rates. But raises one term deposit rate by 50 basis points
31st Jul 24, 5:35pm
34
ANZ cuts floating & fixed home loan rates, business base rates, and some term deposit rates. But raises one term deposit rate by 50 basis points
[updated]
First Union calls for government to 'do whatever's necessary' to stop big banks offshoring & outsourcing jobs, fearing there's more of it to come
30th Jul 24, 12:17pm
72
First Union calls for government to 'do whatever's necessary' to stop big banks offshoring & outsourcing jobs, fearing there's more of it to come
The RBNZ hasn't reduced interest rates with domestic inflation this high in the past 20 years and is likely to delay until November, according to UBS analysis
24th Jul 24, 3:48pm
15
The RBNZ hasn't reduced interest rates with domestic inflation this high in the past 20 years and is likely to delay until November, according to UBS analysis
Just 14 days after starting the recent rate cut flurry, Westpac cuts both home loan and term deposit rates again. It now mostly just matches rivals, but for some terms is again market-leading
24th Jul 24, 2:38pm
48
Just 14 days after starting the recent rate cut flurry, Westpac cuts both home loan and term deposit rates again. It now mostly just matches rivals, but for some terms is again market-leading
[updated]
Banks typically charge low equity fees for borrowers with deposits below 20%. Are these reapplied if equity rises above 20% and then drops back below 20%?
24th Jul 24, 5:00am
29
Banks typically charge low equity fees for borrowers with deposits below 20%. Are these reapplied if equity rises above 20% and then drops back below 20%?
'We are hitting the point where the RBNZ’s worries should switch from the risks from cutting the OCR too soon to the risks of keeping it too high for too long'
22nd Jul 24, 2:50pm
28
'We are hitting the point where the RBNZ’s worries should switch from the risks from cutting the OCR too soon to the risks of keeping it too high for too long'