A review of things you need to know before you go home on Friday; Big call on migrant levels, sharing a success story, consumer debt rising fast, swap rates fall, flatten

Here are the key things you need to know before you leave work today.

TODAY'S MORTGAGE RATE CHANGES
No change today.

TERM DEPOSIT RATE CHANGES
No change today.

CREDIT CARD CHANGES
BNZ increased some of their credit card interest rates.

NET MIGRATION TO HIT 60,000 NEXT YEAR?
In his latest Weekly Overview, BNZ chief economist Tony Alexander mentioned "the coming 60,000 migrant inflow." The latest migration statistics show a net gain from permanent and long term migration of 47,684 in the year to October and just a few months ago economists were still predicting this could rise to 50,000 a year, then those forecasts were revised upwards to 55,000, now it seems even that may be on the low side.

PEDDLING NZ'S IMMIGRATION POLICIES TO THE WORLD 
Immigration Minister Michael Woodhouse is off to Paris to espouse the virtues of New Zealand's immigration policies at an OECD policy forum on migration. In a statement Woodhouse says he'll be both chairing a session at the forum and speaking on the topic of building public confidence in migration issues.Woodhouse says he looks forward to sharing New Zealand's immigration success story. The forum takes place in late December and early January.

CONSUMER DEBT RISES AT FASTEST ANNUAL PACE IN NEARLY NINE YEARS
Consumer debt increased by $983 million, or 7.2%, to a record high of $14.723 billion in the year to October. That was the fastest growth rate since December 2005, when it was increasing at an annual rate of 7.3%.

RBNZ SEEKING QUICK TURNAROUND ON INSURANCE DATA
The Reserve Bank has issued a paper summarising submissions on its plans to collect insurer data. The paper also responds to the submissions. It's now asking for comments and enquiries about this paper by December 12. Yes, that's December 12 this year. The Reserve Bank says all NZ licensed insurers, except insurers with reinsurance as the only kind of insurance business in NZ, with gross annual premiums above $50 million and/or total assets of more than $500 million, will have to report basic financial and exposure data quarterly. The purpose of the quarterly survey will be to "enable timely sector-level monitoring and publication of statistics," the Reserve Bank says.

PRECINCT PROPERTIES REGISTERS PROSPECTUS
Precinct Properties has registered the prospectus for its $50 million senior secured bond offer, which is expected to open on Monday 8 December and close on December 12.The indicative margin range for the bonds is 1.3% to 1.45% a year.

NEW RULES FOR FINANCIAL SERVICES PROVIDERS SET TO TAKE EFFECT ON MONDAY
The second phase of the Financial markets Conduct Act 2013 takes effect on Monday, bringing a new raft of investment managers under the Financial markets Authority's licensing regime. These will include managers of registered investment schemes, derivatives issuers, and independent trustees of restricted schemes. There will also be changes to the product disclosure statements for both debt and equity financial products, including that they must be concise and will be subject to page limits.

WHOLESALE RATES: 
Swap rates kept falling and flattening today by another -1 to -3 bps over the 2 to ten year terms. The 90 day bank bill rate was 3.67%.

OUR CURRENCY
Check our real-time charts here. The NZ dollar ended the week at 78.4 USc, and 92.3 AUc.

You can now see an animation of this chart. Click on it, or click here.