Interest rates
ANZ goes second, cutting retail rates. Both fixed home loan and term deposit rates have been sliced, some by as much as -30 bps. Almost certainly they will be followed by the other major banks, forcing the challenger banks into a tough spot
17th Jul 24, 5:59pm
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ANZ goes second, cutting retail rates. Both fixed home loan and term deposit rates have been sliced, some by as much as -30 bps. Almost certainly they will be followed by the other major banks, forcing the challenger banks into a tough spot
ASB chief economist Nick Tuffley says the Reserve Bank’s dovish turn would have been based on fresh forecasts which show a much weak economy than in May
14th Jul 24, 9:01am
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ASB chief economist Nick Tuffley says the Reserve Bank’s dovish turn would have been based on fresh forecasts which show a much weak economy than in May
Raghuram Rajan thinks central banks will remain under pressure to maintain tighter policies over the medium term
13th Jul 24, 10:08am
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Raghuram Rajan thinks central banks will remain under pressure to maintain tighter policies over the medium term
Savers should move quickly to capture term deposit specials before they expire. It seems likely that they won't be repeated any time soon
12th Jul 24, 10:11am
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Savers should move quickly to capture term deposit specials before they expire. It seems likely that they won't be repeated any time soon
Westpac has responded to the diving wholesale rates following dovish RBNZ signals by cutting its popular short fixed home loan rates, and trimming its short term deposit rate offers
11th Jul 24, 12:11pm
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Westpac has responded to the diving wholesale rates following dovish RBNZ signals by cutting its popular short fixed home loan rates, and trimming its short term deposit rate offers
Economists say interest rates could be cut as soon as August after the Reserve Bank performs ‘dovish pivot’ at July meeting
10th Jul 24, 6:37pm
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Economists say interest rates could be cut as soon as August after the Reserve Bank performs ‘dovish pivot’ at July meeting
The Reserve Bank of New Zealand has held the Official Cash Rate at 5.50% but noted this policy may be hurting the economy more than expected
10th Jul 24, 2:21pm
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The Reserve Bank of New Zealand has held the Official Cash Rate at 5.50% but noted this policy may be hurting the economy more than expected
ASB brings Official Cash Rate cut forecast forward three months and warns that the risk of damage to the economy is growing
4th Jul 24, 11:31am
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ASB brings Official Cash Rate cut forecast forward three months and warns that the risk of damage to the economy is growing
With loan demand softer than customer deposit growth, banks are now less likely to press for more customer funding. BNZ eases back on some above-rival term deposit rates
4th Jul 24, 10:02am
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With loan demand softer than customer deposit growth, banks are now less likely to press for more customer funding. BNZ eases back on some above-rival term deposit rates
Economists are eyeing earlier interest rate cuts after ‘dire’ business survey shows inflation has been ‘beaten’
2nd Jul 24, 1:49pm
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Economists are eyeing earlier interest rate cuts after ‘dire’ business survey shows inflation has been ‘beaten’
Most businesses saw less trading activity in the past three months and expect conditions to worsen in the coming quarter, according to NZIER’s June survey
2nd Jul 24, 10:43am
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Most businesses saw less trading activity in the past three months and expect conditions to worsen in the coming quarter, according to NZIER’s June survey
Cheaper mortgages, tamed inflation and even higher home prices: how 29 forecasters see Australia’s economic recovery in 2024-25
1st Jul 24, 11:00am
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Cheaper mortgages, tamed inflation and even higher home prices: how 29 forecasters see Australia’s economic recovery in 2024-25
Westpac's latest mortgage rate adjustments bring their higher rates down into line with their main rivals. We ask readers to record the below-card offers they get on their banking apps so others can know where real savings can be won
26th Jun 24, 6:00pm
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Westpac's latest mortgage rate adjustments bring their higher rates down into line with their main rivals. We ask readers to record the below-card offers they get on their banking apps so others can know where real savings can be won
ASB economists expect 'a considerably more modest inflation impact in NZ' than during the pandemic spike in shipping costs, but say the latest rise 'will further crimp NZ and global household demand'
26th Jun 24, 11:49am
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ASB economists expect 'a considerably more modest inflation impact in NZ' than during the pandemic spike in shipping costs, but say the latest rise 'will further crimp NZ and global household demand'
Parliament could start its own probe into business and rural lending as early as August, while Coalition parties jostle for the spotlight
26th Jun 24, 10:30am
Parliament could start its own probe into business and rural lending as early as August, while Coalition parties jostle for the spotlight
New Zealand’s inflation was more driven by product and labour shortages than other countries were, RBNZ says
20th Jun 24, 8:30am
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New Zealand’s inflation was more driven by product and labour shortages than other countries were, RBNZ says
[updated]
Just as Kiwibank ends its good one year 'special' term deposit offer, BNZ jumps in with one of its own. Even higher rates are available from investment-grade rated others
19th Jun 24, 11:28am
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Just as Kiwibank ends its good one year 'special' term deposit offer, BNZ jumps in with one of its own. Even higher rates are available from investment-grade rated others
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
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Gareth Vaughan suggests bank capital will again be a key area of debate as parliamentary select committees inquire about banking competition
Two Parliamentary select committees will conduct inquiry into banking competition, reviewing Commerce Commission's findings and scrutinizing rural lending
12th Jun 24, 2:30pm
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Two Parliamentary select committees will conduct inquiry into banking competition, reviewing Commerce Commission's findings and scrutinizing rural lending
[updated]
Kiwibank accused of 'longstanding, systemic breaches of the Fair Trading Act' after identifying & reporting issues to Commerce Commission
11th Jun 24, 10:12am
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Kiwibank accused of 'longstanding, systemic breaches of the Fair Trading Act' after identifying & reporting issues to Commerce Commission
David Chaston investigates what the best home loan rate and term choice might be for borrowers needing to refix soon
10th Jun 24, 2:07pm
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David Chaston investigates what the best home loan rate and term choice might be for borrowers needing to refix soon
[updated]
ANZ economists say 'meaningful progress' in inflation war around the corner, meaning the OCR could be cut earlier than they previously forecast
7th Jun 24, 11:17am
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ANZ economists say 'meaningful progress' in inflation war around the corner, meaning the OCR could be cut earlier than they previously forecast
Nicola Willis delivered on most of her promises but faces extremely tight budgets for years to come
31st May 24, 6:36am
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Nicola Willis delivered on most of her promises but faces extremely tight budgets for years to come
Big capital increase for SBS Bank as it seeks to continue growing lending faster than overall market growth
29th May 24, 10:04am
Big capital increase for SBS Bank as it seeks to continue growing lending faster than overall market growth
ASB survey shows more people are expecting interest rates to fall but they remain uncertain about prices and whether it's a good time to buy
29th May 24, 5:00am
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ASB survey shows more people are expecting interest rates to fall but they remain uncertain about prices and whether it's a good time to buy