rising interest rates
'We see recent falls in mortgage rates as more about preventing a deeper correction in house prices than providing the fuel for an immediate lurch higher'
28th Aug 24, 8:50am
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'We see recent falls in mortgage rates as more about preventing a deeper correction in house prices than providing the fuel for an immediate lurch higher'
Now that interest rates are officially on the way down, David Hargreaves has a crunch of some numbers that might help us to determine when the economy will pick up again
25th Aug 24, 6:30am
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Now that interest rates are officially on the way down, David Hargreaves has a crunch of some numbers that might help us to determine when the economy will pick up again
BNZ's chief economist says mortgage holders have shortened up the terms of their fixed-rate borrowing 'much more so' than before previous Official Cash Rate easing cycles
1st Aug 24, 10:54am
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BNZ's chief economist says mortgage holders have shortened up the terms of their fixed-rate borrowing 'much more so' than before previous Official Cash Rate easing cycles
Latest mortgage figures from the Reserve Bank show that the 14,590 new mortgages in June 2024 was the lowest total for this month since the detailed data began in 2015
25th Jul 24, 10:47am
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Latest mortgage figures from the Reserve Bank show that the 14,590 new mortgages in June 2024 was the lowest total for this month since the detailed data began in 2015
Latest Reserve Bank mortgage figures show while housing investors are not exactly piling back into the market, they are at least starting to sit up and pay attention
28th May 24, 4:07pm
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Latest Reserve Bank mortgage figures show while housing investors are not exactly piling back into the market, they are at least starting to sit up and pay attention
BNZ economists now expect house prices to rise just 2% in 2024, down from an earlier forecast of 5% and say even the latest lower forecast has 'downside risk'
23rd May 24, 11:16am
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BNZ economists now expect house prices to rise just 2% in 2024, down from an earlier forecast of 5% and say even the latest lower forecast has 'downside risk'
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%
Household living costs rise 6.2% as interest payments, the cost of insurance & transport costs such as petrol climb, Statistics NZ says
29th Apr 24, 1:44pm
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Household living costs rise 6.2% as interest payments, the cost of insurance & transport costs such as petrol climb, Statistics NZ says
Latest mortgage figures from the Reserve Bank show that for February there was a seasonally-adjusted rise of 4% in borrowing, while the latest figures are up some 28% on the dire February 2023 figures
26th Mar 24, 3:54pm
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Latest mortgage figures from the Reserve Bank show that for February there was a seasonally-adjusted rise of 4% in borrowing, while the latest figures are up some 28% on the dire February 2023 figures
Latest mortgage figures from the Reserve Bank suggest first home buyers might have reached their limit in terms of market share, while investors might be showing some signs of life
28th Feb 24, 10:26am
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Latest mortgage figures from the Reserve Bank suggest first home buyers might have reached their limit in terms of market share, while investors might be showing some signs of life
Latest RBNZ figures show first home buyers picked up over a quarter of the new mortgage monies advanced in December - although it was a slow month overall
30th Jan 24, 11:20am
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Latest RBNZ figures show first home buyers picked up over a quarter of the new mortgage monies advanced in December - although it was a slow month overall
Latest RBNZ figures show first home buyers remain active in the market, while the long sleeping investors may just be showing signs of stirring
27th Nov 23, 12:01pm
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Latest RBNZ figures show first home buyers remain active in the market, while the long sleeping investors may just be showing signs of stirring
Westpac NZ 'onshores' about 200 jobs from Australia as it meets new RBNZ outsourcing requirements, fights financial crime
7th Nov 23, 9:16am
Westpac NZ 'onshores' about 200 jobs from Australia as it meets new RBNZ outsourcing requirements, fights financial crime
[updated]
Westpac New Zealand annual profit falls as expenses, loan impairments rise. Net interest margin increases
6th Nov 23, 10:27am
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Westpac New Zealand annual profit falls as expenses, loan impairments rise. Net interest margin increases
Latest RBNZ figures show New Zealanders' interest bill on mortgages topped $4.6 billion in the September quarter, putting us on target to pay well north of $17 billion to the banks in mortgage interest for the full 2023 year
26th Oct 23, 3:26pm
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Latest RBNZ figures show New Zealanders' interest bill on mortgages topped $4.6 billion in the September quarter, putting us on target to pay well north of $17 billion to the banks in mortgage interest for the full 2023 year
Interest rates: Monetary policy is always political as central banks opt to back the financial sector
12th Oct 23, 10:38am
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Interest rates: Monetary policy is always political as central banks opt to back the financial sector
New Zealand banks need to do right by their customers, and it starts with dropping mortgage rates, David Cunningham argues
7th Sep 23, 8:00am
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New Zealand banks need to do right by their customers, and it starts with dropping mortgage rates, David Cunningham argues
[updated]
Gareth Vaughan on BNPL & private equity woes, Australia's China-induced wine glut, globalisation's demise in the Ruhr, AI, Y2K & technology doomsaying repeating
16th Aug 23, 10:00am
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Gareth Vaughan on BNPL & private equity woes, Australia's China-induced wine glut, globalisation's demise in the Ruhr, AI, Y2K & technology doomsaying repeating
Alexander Douglas weighs up the idea of permanently setting interest rates at zero
14th Aug 23, 10:17am
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Alexander Douglas weighs up the idea of permanently setting interest rates at zero
How US interest rate hikes have increased the risk of economic & social instability around the world
Rate hikes may have slowed inflation in the US, but they have also heightened the risk of financial crises for lower-income nations, Cristina Bodea says
4th Aug 23, 10:21am
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Rate hikes may have slowed inflation in the US, but they have also heightened the risk of financial crises for lower-income nations, Cristina Bodea says
Ross Stitt takes a look at why the outlook for Australian CBD office property is challenging
21st Jul 23, 9:49am
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Ross Stitt takes a look at why the outlook for Australian CBD office property is challenging
Roy Morgan says the number of New Zealanders worried about interest rates has risen as they've risen
9th Jun 23, 12:43pm
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Roy Morgan says the number of New Zealanders worried about interest rates has risen as they've risen
Benje Patterson argues banks’ narrow focus on short-term profitability has set some households up to fail
24th May 23, 10:00am
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Benje Patterson argues banks’ narrow focus on short-term profitability has set some households up to fail
Westpac NZ CEO Catherine McGrath tells home buyers who bought for the long-term at house price peaks to hang in there
9th May 23, 11:16am
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Westpac NZ CEO Catherine McGrath tells home buyers who bought for the long-term at house price peaks to hang in there
Ex-Bank of England Deputy Governor Paul Tucker on how quantitative easing has exposed government finances to rising interest rates
7th May 23, 4:20pm
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Ex-Bank of England Deputy Governor Paul Tucker on how quantitative easing has exposed government finances to rising interest rates