Interest rates
[updated]
Another week, more term deposit rate cuts led by some large & some challenger banks. The arrival of sub-4% rates spread, and rate inversions narrow
24th Feb 25, 11:22am
5
Another week, more term deposit rate cuts led by some large & some challenger banks. The arrival of sub-4% rates spread, and rate inversions narrow
People generally optimistic about house price gains but are less confident than they were a year ago - ASB Housing Confidence Survey
24th Feb 25, 5:00am
26
People generally optimistic about house price gains but are less confident than they were a year ago - ASB Housing Confidence Survey
Statistics NZ says people have been spending a higher proportion of their money on housing costs than they did in the past
20th Feb 25, 12:03pm
45
Statistics NZ says people have been spending a higher proportion of their money on housing costs than they did in the past
[updated]
The ground is about to sink faster for savers. ANZ brings back a TD rate starting with a '3', and now only one bank offers a rate starting with a '5'
20th Feb 25, 9:12am
23
The ground is about to sink faster for savers. ANZ brings back a TD rate starting with a '3', and now only one bank offers a rate starting with a '5'
The Reserve Bank will cut the Official Cash Rate more quickly than expected as it predicts a rapid return to economic equilibrium
20th Feb 25, 8:00am
48
The Reserve Bank will cut the Official Cash Rate more quickly than expected as it predicts a rapid return to economic equilibrium
[updated]
Reserve Bank cuts OCR to 3.75% and indicates room for more cuts than earlier forecast this year; economists say 'we are all on the same page now'
19th Feb 25, 2:14pm
90
Reserve Bank cuts OCR to 3.75% and indicates room for more cuts than earlier forecast this year; economists say 'we are all on the same page now'
Banks quick out of the blocks with cuts to floating home loan rates - and they are also cutting savings account rates at the same time
19th Feb 25, 2:05pm
56
Banks quick out of the blocks with cuts to floating home loan rates - and they are also cutting savings account rates at the same time
Federated Farmers survey shows 'a significant shift in the mood of rural New Zealand'
19th Feb 25, 11:14am
6
Federated Farmers survey shows 'a significant shift in the mood of rural New Zealand'
Members of the 'Shadow Board' the NZIER assembles to state views on the Official Cash Rate strongly agree the OCR will be cut 50 basis points this week - but there's a diversity of views on what should come next
17th Feb 25, 11:47am
16
Members of the 'Shadow Board' the NZIER assembles to state views on the Official Cash Rate strongly agree the OCR will be cut 50 basis points this week - but there's a diversity of views on what should come next
A 50-point cut to the Official Cash Rate is a near certainty in the coming week, so attention will quickly turn to whatever signals the Reserve Bank may give about further cuts
16th Feb 25, 6:30am
92
A 50-point cut to the Official Cash Rate is a near certainty in the coming week, so attention will quickly turn to whatever signals the Reserve Bank may give about further cuts
Dean Attewell suggests managing interest rates, mandatory retirement deductions and immigration in tandem to create a more balanced and sustainable housing market
15th Feb 25, 9:25am
81
Dean Attewell suggests managing interest rates, mandatory retirement deductions and immigration in tandem to create a more balanced and sustainable housing market
[updated]
Influential RBNZ survey has shown drops in the expectations of the future levels of inflation in a move that will give the central bank comfort ahead of its first Official Cash Rate decision of the year next week
13th Feb 25, 3:24pm
40
Influential RBNZ survey has shown drops in the expectations of the future levels of inflation in a move that will give the central bank comfort ahead of its first Official Cash Rate decision of the year next week
Latest monthly RBNZ figures show sharp drops in what customers were paying on new mortgage rates in the second half of last year - but the bank yields on existing mortgages are falling only very slightly
12th Feb 25, 9:00am
4
Latest monthly RBNZ figures show sharp drops in what customers were paying on new mortgage rates in the second half of last year - but the bank yields on existing mortgages are falling only very slightly
Latest monthly RBNZ figures show that in December the very brief flirtation with floating rate mortgages was replaced by a surge of interest in six month fixed rates
10th Feb 25, 3:47pm
7
Latest monthly RBNZ figures show that in December the very brief flirtation with floating rate mortgages was replaced by a surge of interest in six month fixed rates
Banks continue tweaking their term deposit offers with Kiwibank (down & up), and BNZ (down) the latest to move. These changes leave ANZ top of that main bank heap with its six month offer
10th Feb 25, 10:53am
45
Banks continue tweaking their term deposit offers with Kiwibank (down & up), and BNZ (down) the latest to move. These changes leave ANZ top of that main bank heap with its six month offer
The decision by many homeowners to position themselves for expected interest rate cuts will see an average of over $30b a month worth of mortgages need refixing in the first six months of this year
6th Feb 25, 6:00am
112
The decision by many homeowners to position themselves for expected interest rate cuts will see an average of over $30b a month worth of mortgages need refixing in the first six months of this year
Banks trim term deposit rate offers further with no main bank now offering a 5% rate
3rd Feb 25, 9:56am
5
Banks trim term deposit rate offers further with no main bank now offering a 5% rate
Capital Economics says the resulting surge in US inflation from the announced tariffs is going to 'come faster and be larger than we initially expected'
3rd Feb 25, 9:32am
65
Capital Economics says the resulting surge in US inflation from the announced tariffs is going to 'come faster and be larger than we initially expected'
HSBC economists expect the Official Cash Rate to be down to 3% by the third quarter of this year and see the economy growing 1.8% in 2025 and 2.5% next year
28th Jan 25, 10:25am
25
HSBC economists expect the Official Cash Rate to be down to 3% by the third quarter of this year and see the economy growing 1.8% in 2025 and 2.5% next year
[updated]
Banks trim term deposit rate offers in slow and steady track, shortening the terms for where their peak rates are pitched. But there are exceptions and options
28th Jan 25, 9:41am
Banks trim term deposit rate offers in slow and steady track, shortening the terms for where their peak rates are pitched. But there are exceptions and options
The RBNZ’s Monetary Policy Committee should meet more regularly, Prime Minister Christopher Luxon says
23rd Jan 25, 3:44pm
49
The RBNZ’s Monetary Policy Committee should meet more regularly, Prime Minister Christopher Luxon says
Economists say an uptick in headline inflation due to the weak dollar and rising oil prices shouldn’t discourage the RBNZ from cutting interest rates as core inflation is cooling
23rd Jan 25, 9:21am
4
Economists say an uptick in headline inflation due to the weak dollar and rising oil prices shouldn’t discourage the RBNZ from cutting interest rates as core inflation is cooling
BNZ chief economist Mike Jones says going short has 'tended to pay off' but he is 'compelled to offer a few competing viewpoints'
22nd Jan 25, 10:41am
5
BNZ chief economist Mike Jones says going short has 'tended to pay off' but he is 'compelled to offer a few competing viewpoints'
Both ASB and Westpac follow up their home loan rate cuts with reduced rates for term deposit savers. Now three institutions (including these two) no longer offer any 5% rates
17th Jan 25, 2:33pm
9
Both ASB and Westpac follow up their home loan rate cuts with reduced rates for term deposit savers. Now three institutions (including these two) no longer offer any 5% rates
Westpac says spending on its credit and debit cards was up just 2% in December compared with the previous year
16th Jan 25, 9:30am
6
Westpac says spending on its credit and debit cards was up just 2% in December compared with the previous year