OCR
Trump calls for lower oil prices and lower interest rates, but these benchmarks move little. The NZD rises. Focus today on BoJ meeting where a rate hike is widely expected
24th Jan 25, 8:02am
4
Trump calls for lower oil prices and lower interest rates, but these benchmarks move little. The NZD rises. Focus today on BoJ meeting where a rate hike is widely expected
Westpac falls into line with matching mortgage and term deposit rate reductions. That leaves Kiwibank out on a bit of a limb, but at least they have the best main-bank term deposit rate
23rd Jan 25, 6:10pm
9
Westpac falls into line with matching mortgage and term deposit rate reductions. That leaves Kiwibank out on a bit of a limb, but at least they have the best main-bank term deposit rate
The RBNZ’s Monetary Policy Committee should meet more regularly, Prime Minister Christopher Luxon says
23rd Jan 25, 3:44pm
34
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
US equities continue to power up towards a fresh record high, albeit led by the IT sector, with narrow gains and most sectors weaker. Trump continues to threaten import tariffs, but the actual path remains unclear
23rd Jan 25, 7:42am
US equities continue to power up towards a fresh record high, albeit led by the IT sector, with narrow gains and most sectors weaker. Trump continues to threaten import tariffs, but the actual path remains unclear
Consumer prices rose 2.2% in 2024 as high interest rates slowed economic activity and falling import costs eased inflation pressures in New Zealand
22nd Jan 25, 10:52am
72
Consumer prices rose 2.2% in 2024 as high interest rates slowed economic activity and falling import costs eased inflation pressures in New Zealand
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'
Although flexibility by banks on interest rates for mortgages is reducing fast, BNZ has staked a claim for attention by offering the lowest two year fixed rate in the present market
22nd Jan 25, 8:37am
20
Although flexibility by banks on interest rates for mortgages is reducing fast, BNZ has staked a claim for attention by offering the lowest two year fixed rate in the present market
Trump "thinking" about a 25% tariff on Canada and Mexico from 1 Feb; market "thinking" it probably won't happen as market jolt fades; CAD fully recovers from a 5-year low "Massive" announcement on infrastructure coming today
22nd Jan 25, 7:50am
1
Trump "thinking" about a 25% tariff on Canada and Mexico from 1 Feb; market "thinking" it probably won't happen as market jolt fades; CAD fully recovers from a 5-year low "Massive" announcement on infrastructure coming today
The largest home loan lender cuts its rate card, but in this tight market, discounts from that are becoming rarer. Savers are paying for this discounting because wholesale rates aren't shifting lower
21st Jan 25, 5:31pm
44
The largest home loan lender cuts its rate card, but in this tight market, discounts from that are becoming rarer. Savers are paying for this discounting because wholesale rates aren't shifting lower
Trump inaugurated; his address outlined priorities. USD broadly weaker down around 1%; NZD up 1.3%. US markets closed for holiday, but equity and Treasury futures nudge higher
21st Jan 25, 7:37am
1
Trump inaugurated; his address outlined priorities. USD broadly weaker down around 1%; NZD up 1.3%. US markets closed for holiday, but equity and Treasury futures nudge higher
Trump and President Xi talked on Friday night and "the call was a very good one". US equities ended last week on a strong note. Focus this week will be on Trump's executive orders post inauguration
20th Jan 25, 7:21am
Trump and President Xi talked on Friday night and "the call was a very good one". US equities ended last week on a strong note. Focus this week will be on Trump's executive orders post inauguration
David Hargreaves says the December quarter inflation figures to be released in the coming week should paint a 'so-far-so-good' picture, but further out the view looks rather more murky
19th Jan 25, 6:30am
51
David Hargreaves says the December quarter inflation figures to be released in the coming week should paint a 'so-far-so-good' picture, but further out the view looks rather more murky
ASB has kickstarted the 2025 mortgage market competition with -20 bps rate cuts to have the most competitive home loan rate card among the main banks
17th Jan 25, 8:35am
60
ASB has kickstarted the 2025 mortgage market competition with -20 bps rate cuts to have the most competitive home loan rate card among the main banks
US retail sales show a robust end to last year. Incoming US Treasury Secretary Bessent gives market-friendly comments. Japanese yen firms as market confident of a rate hike coming
17th Jan 25, 7:53am
US retail sales show a robust end to last year. Incoming US Treasury Secretary Bessent gives market-friendly comments. Japanese yen firms as market confident of a rate hike coming
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
US core CPI slightly weaker than markets expected. UK CPI data also softer than expected. BoJ hike next week remain live. NZ rates market continues cross-market underperformance, exacerbated by positioning; NZGB 10yr at a 7-month high
16th Jan 25, 7:46am
1
US core CPI slightly weaker than markets expected. UK CPI data also softer than expected. BoJ hike next week remain live. NZ rates market continues cross-market underperformance, exacerbated by positioning; NZGB 10yr at a 7-month high
Westpac McDermott Miller Employment Confidence Survey shows rise, but confidence remains close to its lowest levels since the 2020 Covid lockdown
15th Jan 25, 10:28am
2
Westpac McDermott Miller Employment Confidence Survey shows rise, but confidence remains close to its lowest levels since the 2020 Covid lockdown
Economists see latest NZIER Quarterly Survey of Business Opinion as clearing the way for a further substantial cut to the Official Cash Rate next month
15th Jan 25, 9:34am
132
Economists see latest NZIER Quarterly Survey of Business Opinion as clearing the way for a further substantial cut to the Official Cash Rate next month
Limited market reaction to soft US PPI data as investors look ahead to the key CPI release this evening. Reports of a gradual approach to tariffs weighs on the US dollar.
15th Jan 25, 7:43am
Limited market reaction to soft US PPI data as investors look ahead to the key CPI release this evening. Reports of a gradual approach to tariffs weighs on the US dollar.
Global equities extend losses seen in the aftermath of the strong US labour market report. US treasury yields continued to move higher. Oil prices reached the highest level in five months
14th Jan 25, 7:35am
15
Global equities extend losses seen in the aftermath of the strong US labour market report. US treasury yields continued to move higher. Oil prices reached the highest level in five months
Benchmark bond yields are in the middle of significant change in many countries, NZ included. While it is hard to know where things will settle, we track the shifts so far
13th Jan 25, 11:42am
26
Benchmark bond yields are in the middle of significant change in many countries, NZ included. While it is hard to know where things will settle, we track the shifts so far
After the unwelcome 2023 run-up, mortgage rates eased back in 2024. We provide some perspective and look ahead to 2025
27th Dec 24, 9:01am
90
After the unwelcome 2023 run-up, mortgage rates eased back in 2024. We provide some perspective and look ahead to 2025
[updated]
After the welcome 2023 run-up, term deposit rates eased back in 2024. We provide some perspective and look ahead to 2025
20th Dec 24, 10:01am
30
After the welcome 2023 run-up, term deposit rates eased back in 2024. We provide some perspective and look ahead to 2025
Modest recovery in US equities after their slump following the Fed's hawkish rate cut. US 10-year rate rises to its highest level since the end of May; curve steepens
20th Dec 24, 7:59am
1
Modest recovery in US equities after their slump following the Fed's hawkish rate cut. US 10-year rate rises to its highest level since the end of May; curve steepens