Westpac

ANZ pushes down term deposit rates, seemingly confident rivals will follow even though the gap with those rivals is unusually wide. Low loan demand bolsters their shift

ANZ pushes down term deposit rates, seemingly confident rivals will follow even though the gap with those rivals is unusually wide. Low loan demand bolsters their shift

New round of retail interest rate cuts starts, and it is savers who will be paying for the reductions in home loan rates. All the influences on wholesale rates are negative

New round of retail interest rate cuts starts, and it is savers who will be paying for the reductions in home loan rates. All the influences on wholesale rates are negative

Stats NZ says retail card spending fell 0.8% last month, while separate data showed the services sector remained in contractionary mode

Stats NZ says retail card spending fell 0.8% last month, while separate data showed the services sector remained in contractionary mode

Martin Whetton says events in fixed income markets this week have no historical precedent, suggesting a sea-change in the way the US is viewed

Martin Whetton says events in fixed income markets this week have no historical precedent, suggesting a sea-change in the way the US is viewed

Homebuyers' borrowing power boosted as ASB and Westpac follow ANZ in lowering mortgage test rates

Homebuyers' borrowing power boosted as ASB and Westpac follow ANZ in lowering mortgage test rates

Although most rate changes focused on home loan floating and savings account rates, there was a first trimming of term deposit rates by SBS Bank. They won't be the last

Although most rate changes focused on home loan floating and savings account rates, there was a first trimming of term deposit rates by SBS Bank. They won't be the last

Kelly Eckhold says a lot has changed in the past week and he expects the RBNZ this week to indicate 'a firm intention to get the Official Cash Rate to 3% soon'

Kelly Eckhold says a lot has changed in the past week and he expects the RBNZ this week to indicate 'a firm intention to get the Official Cash Rate to 3% soon'

There's upheaval inside the Reserve Bank, there's upheaval outside of the Reserve Bank, but we'll still get our promised 25 point Official Cash Rate cut

There's upheaval inside the Reserve Bank, there's upheaval outside of the Reserve Bank, but we'll still get our promised 25 point Official Cash Rate cut

Kelly Eckhold says while the RBNZ appeared to promise an OCR cut next week almost unconditionally, decisions should always be based on the situation on the ground. 'No change with an easing bias would be the right thing to do'

Kelly Eckhold says while the RBNZ appeared to promise an OCR cut next week almost unconditionally, decisions should always be based on the situation on the ground. 'No change with an easing bias would be the right thing to do'

Banking the first sector to apply the newly enacted Consumer Data Right

Banking the first sector to apply the newly enacted Consumer Data Right

ANZ chief economist says firms' pricing and cost expectations have risen again 'and are not consistent with' the Reserve Bank's inflation forecasts

ANZ chief economist says firms' pricing and cost expectations have risen again 'and are not consistent with' the Reserve Bank's inflation forecasts

CEO 'very comfortable' Westpac NZ's not making 'inappropriate profits' from money customers 'inadvertently leave in the wrong account'

CEO 'very comfortable' Westpac NZ's not making 'inappropriate profits' from money customers 'inadvertently leave in the wrong account'

Savers are increasing balances at banks at almost twice the rate borrowers are taking out loans. Banks are under no pressure and are trimming TD rates in small amounts regularly now

Savers are increasing balances at banks at almost twice the rate borrowers are taking out loans. Banks are under no pressure and are trimming TD rates in small amounts regularly now

Kiwibank the slowest major bank to cut floating mortgage rates as the OCR falls, while ASB takes first place for the fastest bank to hike those rates when the OCR rose

Kiwibank the slowest major bank to cut floating mortgage rates as the OCR falls, while ASB takes first place for the fastest bank to hike those rates when the OCR rose

Westpac argues the Reserve Bank should consider following other countries in relaxing banks' capital requirements to improve access to lending

Westpac argues the Reserve Bank should consider following other countries in relaxing banks' capital requirements to improve access to lending

Westpac McDermott Miller Employment Confidence Survey shows lowest levels of confidence since the immediate aftermath of the first Covid lockdown in 2020

Westpac McDermott Miller Employment Confidence Survey shows lowest levels of confidence since the immediate aftermath of the first Covid lockdown in 2020

Economists don't see the upside surprise to the latest quarterly GDP figures as derailing likely Official Cash Rate cuts in each of the next two RBNZ reviews - but beyond that there's question marks over what comes next

Economists don't see the upside surprise to the latest quarterly GDP figures as derailing likely Official Cash Rate cuts in each of the next two RBNZ reviews - but beyond that there's question marks over what comes next

Why Morgan Stanley analysts favour ANZ, from an investment perspective, over the other big three Australian banks

Why Morgan Stanley analysts favour ANZ, from an investment perspective, over the other big three Australian banks

After plunging in the previous two quarters, GDP grew a better-than expected 0.7% in the December quarter; figures 'a genuine upside surprise'

After plunging in the previous two quarters, GDP grew a better-than expected 0.7% in the December quarter; figures 'a genuine upside surprise'

ASB trims some home loan rates but these aren't significant or competitive. They also cut most key term deposit rates. The net effect is a margin gain

ASB trims some home loan rates but these aren't significant or competitive. They also cut most key term deposit rates. The net effect is a margin gain

Fintechs, or financial technology companies, are touted as a threat to banks and a way to boost banking competition. But should the big banks be quaking in their boots?

Fintechs, or financial technology companies, are touted as a threat to banks and a way to boost banking competition. But should the big banks be quaking in their boots?

Stats NZ says retail card spending rose 0.3% on a seasonally adjusted basis in February after taking a dip in January

Stats NZ says retail card spending rose 0.3% on a seasonally adjusted basis in February after taking a dip in January

KPMG's annual Financial Institutions Performance Survey notes the 'challenge' of loan provisioning

KPMG's annual Financial Institutions Performance Survey notes the 'challenge' of loan provisioning

Antonia Watson says ANZ NZ doesn't try to hold back interest rate cuts from borrowers via slow post-OCR cut rate changes

Antonia Watson says ANZ NZ doesn't try to hold back interest rate cuts from borrowers via slow post-OCR cut rate changes

Lower home loan rate offer changes are in a quiet phase and the background funding environment isn't opening many opportunities for banks to go much lower, meaning the next circuit breaker is hard to see

Lower home loan rate offer changes are in a quiet phase and the background funding environment isn't opening many opportunities for banks to go much lower, meaning the next circuit breaker is hard to see