Westpac
ANZ economists are optimistic the Reserve Bank will be in a position to cut the Official Cash Rate 'considerably earlier' than August next year as the RBNZ currently expects
27th Jun 24, 1:28pm
26
ANZ economists are optimistic the Reserve Bank will be in a position to cut the Official Cash Rate 'considerably earlier' than August next year as the RBNZ currently expects
Westpac says housing market momentum has slowed decidedly since the middle of last year, slashes 2024 house price growth forecast
26th Jun 24, 8:30am
145
Westpac says housing market momentum has slowed decidedly since the middle of last year, slashes 2024 house price growth forecast
Westpac McDermott Miller Employment Confidence Survey shows a marked fall in the latest three months
25th Jun 24, 10:23am
31
Westpac McDermott Miller Employment Confidence Survey shows a marked fall in the latest three months
Economy flatlines for sixth quarter as sharp construction slowdown is partly offset by record kiwifruit harvest
20th Jun 24, 10:51am
99
Economy flatlines for sixth quarter as sharp construction slowdown is partly offset by record kiwifruit harvest
It's a line ball call whether GDP figures out in the coming week will reveal the country still to be in recession or not. But whatever the outcome, economists don't see a particularly rosy path for the economy in the immediate future
16th Jun 24, 6:30am
85
It's a line ball call whether GDP figures out in the coming week will reveal the country still to be in recession or not. But whatever the outcome, economists don't see a particularly rosy path for the economy in the immediate future
Gareth Vaughan suggests bank capital will again be a key area of debate as parliamentary select committees inquire about banking competition
14th Jun 24, 5:00am
11
Gareth Vaughan suggests bank capital will again be a key area of debate as parliamentary select committees inquire about banking competition
It's official: The wallets are being slammed shut. Electronic card transactions data from Statistics NZ shows that retail sales figures - which are not adjusted for inflation - are below the levels of a year ago
13th Jun 24, 11:53am
89
It's official: The wallets are being slammed shut. Electronic card transactions data from Statistics NZ shows that retail sales figures - which are not adjusted for inflation - are below the levels of a year ago
NZ's rural lenders acting as 'pseudo-regulators' through their membership of the Net-Zero Banking Alliance, Federated Farmers argues. ANZ hits back
8th Jun 24, 9:00am
59
NZ's rural lenders acting as 'pseudo-regulators' through their membership of the Net-Zero Banking Alliance, Federated Farmers argues. ANZ hits back
Three up, two down in terms of whether the five major rural lenders are growing or shrinking agriculture lending
1st Jun 24, 9:41am
4
Three up, two down in terms of whether the five major rural lenders are growing or shrinking agriculture lending
Big four banks' combined interim dividends rise 40%, suggesting comfort with need to meet increased regulatory capital requirements
28th May 24, 9:31am
Big four banks' combined interim dividends rise 40%, suggesting comfort with need to meet increased regulatory capital requirements
With open banking threatening to finally gather some pace in New Zealand, Worldline with Online EFTPOS has been one of the early movers
27th May 24, 12:33pm
3
With open banking threatening to finally gather some pace in New Zealand, Worldline with Online EFTPOS has been one of the early movers
[updated]
Two banks reverse the down-trend and offer higher nine and 12 month term deposit rates. But Westpac cuts back
27th May 24, 6:03am
15
Two banks reverse the down-trend and offer higher nine and 12 month term deposit rates. But Westpac cuts back
Headline inflation should still hit the target band this year as the RBNZ has brought balance back to most parts of the economy, chief economist Paul Conway says
26th May 24, 6:00am
73
Headline inflation should still hit the target band this year as the RBNZ has brought balance back to most parts of the economy, chief economist Paul Conway says
[updated]
Stats NZ figures show that seasonally adjusted retail sales by volume increased by 0.5% in the March quarter, but the figures were down 2.4% on the volumes recorded for the same quarter in 2023
23rd May 24, 12:16pm
10
Stats NZ figures show that seasonally adjusted retail sales by volume increased by 0.5% in the March quarter, but the figures were down 2.4% on the volumes recorded for the same quarter in 2023
David Chaston looks at the rise and rise of mortgage broking in New Zealand, which is now a dominant force in controlling home loan origination activity
17th May 24, 5:00am
35
David Chaston looks at the rise and rise of mortgage broking in New Zealand, which is now a dominant force in controlling home loan origination activity
Mortgage brokers probably earned about $400m in the March year, up 17% year-on-year, as they gain a significantly larger share of home loan transactions
15th May 24, 6:30am
24
Mortgage brokers probably earned about $400m in the March year, up 17% year-on-year, as they gain a significantly larger share of home loan transactions
Westpac NZ CEO Catherine McGrath says home loan borrowers holding up better than expected, less than a quarter now on an interest rate below 5%
7th May 24, 9:27am
Westpac NZ CEO Catherine McGrath says home loan borrowers holding up better than expected, less than a quarter now on an interest rate below 5%
[updated]
Westpac NZ CEO Catherine McGrath sees good momentum, optimistic economy will start improving by end of year. Says fewer customers suffering hardship than expected
6th May 24, 10:28am
11
Westpac NZ CEO Catherine McGrath sees good momentum, optimistic economy will start improving by end of year. Says fewer customers suffering hardship than expected
Co-operative Bank comes out on top in Consumer NZ’s annual banking satisfaction survey
2nd May 24, 9:29am
3
Co-operative Bank comes out on top in Consumer NZ’s annual banking satisfaction survey
RBNZ's Christian Hawkesby cautions against throwing out 'internationally accepted approach to bank capital for large, sophisticated financial institutions'
25th Apr 24, 9:30am
9
RBNZ's Christian Hawkesby cautions against throwing out 'internationally accepted approach to bank capital for large, sophisticated financial institutions'
As the prospect of OCR rate cuts fade and global forces and local inflation push up wholesale interest rates, ASB trims its key term deposit rate offers
18th Apr 24, 10:07am
26
As the prospect of OCR rate cuts fade and global forces and local inflation push up wholesale interest rates, ASB trims its key term deposit rate offers
There weren't too many surprises in the new inflation figures out of Statistics NZ, but there’s enough in the data to keep the RBNZ nervous
17th Apr 24, 4:01pm
18
There weren't too many surprises in the new inflation figures out of Statistics NZ, but there’s enough in the data to keep the RBNZ nervous
Ahead of April 17’s much anticipated release of the March quarter CPI, Westpac, ANZ and Kiwibank cast their predictions with all three banks expecting annual inflation to be higher than the RBNZ has forecast
14th Apr 24, 8:07am
61
Ahead of April 17’s much anticipated release of the March quarter CPI, Westpac, ANZ and Kiwibank cast their predictions with all three banks expecting annual inflation to be higher than the RBNZ has forecast
Fintech startup Emerge wants to 'fix' banking in New Zealand, starting with SMEs before launching into consumer banking
9th Apr 24, 10:40am
1
Fintech startup Emerge wants to 'fix' banking in New Zealand, starting with SMEs before launching into consumer banking
Gareth Vaughan takes a look at how the Commerce Commission's suggestion of strengthening Kiwibank to enable it to better compete with its Aussie owned rivals could be accomplished
8th Apr 24, 4:38pm
34
Gareth Vaughan takes a look at how the Commerce Commission's suggestion of strengthening Kiwibank to enable it to better compete with its Aussie owned rivals could be accomplished