Interest rates

ANZ staff are reporting that customers are 'wary so far', but not panicking - however, some businesses are saying that the phones have stopped ringing

ANZ staff are reporting that customers are 'wary so far', but not panicking - however, some businesses are saying that the phones have stopped ringing

Household term deposit balances have flat-lined since early 2024. But now that bank offer rates are rising, with 4%-plus rates even offered by some main banks, will that encourage savers to move back?

Household term deposit balances have flat-lined since early 2024. But now that bank offer rates are rising, with 4%-plus rates even offered by some main banks, will that encourage savers to move back?

The country's largest mortgage lender raises its carded home loan rates too, with more than me-too increases. Unlike some, they raised term deposit rates at the same time

The country's largest mortgage lender raises its carded home loan rates too, with more than me-too increases. Unlike some, they raised term deposit rates at the same time

BNZ is the next to raise fixed mortgage rates, but they do it differently to Westpac, holding advantages in some terms. BNZ did not raise term deposit rates at the same time, as Westpac did

BNZ is the next to raise fixed mortgage rates, but they do it differently to Westpac, holding advantages in some terms. BNZ did not raise term deposit rates at the same time, as Westpac did

'Whatever your point of comparison it seems the worst-case scenario could be a lot worse than Treasury envisages,' BNZ head of research says, as projections see inflation hitting 3.8% and in some cases, pushing past 4%

'Whatever your point of comparison it seems the worst-case scenario could be a lot worse than Treasury envisages,' BNZ head of research says, as projections see inflation hitting 3.8% and in some cases, pushing past 4%

Annual food prices increase to 4.5% in year to February driven by higher prices for meat, poultry and fish, according to latest Stats NZ data

Annual food prices increase to 4.5% in year to February driven by higher prices for meat, poultry and fish, according to latest Stats NZ data

The Red Bank moves its rates up for both mortgages and term deposits as wholesale money cost rises show no signs of slowing

The Red Bank moves its rates up for both mortgages and term deposits as wholesale money cost rises show no signs of slowing

'It’s nightmare time for the RBNZ. Supply shocks cannot be handled well by central banks. We have had plenty of recent evidence of this'

'It’s nightmare time for the RBNZ. Supply shocks cannot be handled well by central banks. We have had plenty of recent evidence of this'

We look at how wholesale money markets are reacting to the current geopolitical crises, and what is in store for fixed home loan rates

We look at how wholesale money markets are reacting to the current geopolitical crises, and what is in store for fixed home loan rates

Kiwibank economists say the Reserve Bank may well have to tolerate higher inflation in the short term to avoid raising interest rates into a slowing global economy

Kiwibank economists say the Reserve Bank may well have to tolerate higher inflation in the short term to avoid raising interest rates into a slowing global economy

A sudden spike in inflation expectations has investors' attention. Bond yields are rising fast to start the week, even benchmark bonds. The outlook for retail home loan rates is likely a bit grim

A sudden spike in inflation expectations has investors' attention. Bond yields are rising fast to start the week, even benchmark bonds. The outlook for retail home loan rates is likely a bit grim

Steven Hail argues New Zealand is enduring a period of economic self-harm and offers a way to end this and create a future based on hope

Steven Hail argues New Zealand is enduring a period of economic self-harm and offers a way to end this and create a future based on hope

Economists are beginning to flirt with a revolutionary idea - that the New Zealand economy might be able to grow and prosper without the traditional leg-up from the housing market

Economists are beginning to flirt with a revolutionary idea - that the New Zealand economy might be able to grow and prosper without the traditional leg-up from the housing market

Mohamed A. El-Erian says improving the Fed’s record and restoring trust in its judgment will require new Fed Chairman Kevin Warsh to address a long list of problems

Mohamed A. El-Erian says improving the Fed’s record and restoring trust in its judgment will require new Fed Chairman Kevin Warsh to address a long list of problems

Increasing proportion of households consider their income is ‘not enough’ or only ‘just enough’ to meet everyday needs, according to Statistics NZ

Increasing proportion of households consider their income is ‘not enough’ or only ‘just enough’ to meet everyday needs, according to Statistics NZ