ASB
ASB ending its low interest lending campaign to borrowers who are building new houses
18th Mar 22, 11:00am
ASB ending its low interest lending campaign to borrowers who are building new houses
New Zealand banks appear well prepared to meet their increasing regulatory capital requirements
18th Mar 22, 9:38am
New Zealand banks appear well prepared to meet their increasing regulatory capital requirements
Two more major mortgage lenders raise rates, but take different approaches. BNZ matches ANZ, but ASB goes further with some sharp extra hikes
17th Mar 22, 8:40am
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Two more major mortgage lenders raise rates, but take different approaches. BNZ matches ANZ, but ASB goes further with some sharp extra hikes
Banks have talked the talk on reducing fees over the past two years. Have their actions matched this?
17th Mar 22, 5:00am
3
Banks have talked the talk on reducing fees over the past two years. Have their actions matched this?
As bond and swap rates rise inexorably, only Kiwibank has moved to match ANZ with higher mortgage rates so far. But the margin pressure on the other majors is building fast
15th Mar 22, 8:53am
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As bond and swap rates rise inexorably, only Kiwibank has moved to match ANZ with higher mortgage rates so far. But the margin pressure on the other majors is building fast
BNZ economists say they are raising their inflation forecasts on an almost daily basis while ASB economists are seeing a 'Costpocalypse'
14th Mar 22, 2:48pm
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BNZ economists say they are raising their inflation forecasts on an almost daily basis while ASB economists are seeing a 'Costpocalypse'
Banks are offering substantial mortgage 'cashback' rewards of up to $5000, but they may be yours for the asking from other banks too, even if not advertised
12th Mar 22, 9:10am
16
Banks are offering substantial mortgage 'cashback' rewards of up to $5000, but they may be yours for the asking from other banks too, even if not advertised
Statistics New Zealand says the $640 mln drop in credit and debit card spending last month was the first drop in spending since the August 2021 lockdown
10th Mar 22, 11:02am
14
Statistics New Zealand says the $640 mln drop in credit and debit card spending last month was the first drop in spending since the August 2021 lockdown
Housing confidence at a record low - expectations of continuing interest rate rises at a record high, ASB says
10th Mar 22, 10:37am
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Housing confidence at a record low - expectations of continuing interest rate rises at a record high, ASB says
ANZ kicks off next round of mortgage rate hikes with some mid-range increases
New Zealand banks' annual funding costs sink as big banks tighten grip on lending market
9th Mar 22, 10:53am
1
New Zealand banks' annual funding costs sink as big banks tighten grip on lending market
Craig Sims, ASB executive and overseer of the ending of the National Bank brand when at ANZ, swaps banking for a vineyard
9th Mar 22, 9:39am
1
Craig Sims, ASB executive and overseer of the ending of the National Bank brand when at ANZ, swaps banking for a vineyard
Two banks tap RBNZ's Funding for Lending Programme for a combined $1.15 billion in one day
8th Mar 22, 11:00am
6
Two banks tap RBNZ's Funding for Lending Programme for a combined $1.15 billion in one day
ASB economists now see NZ inflation driving up over 7% in the first half of this year, mainly on the back of surging oil prices
7th Mar 22, 3:45pm
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ASB economists now see NZ inflation driving up over 7% in the first half of this year, mainly on the back of surging oil prices
Major banks record $207 million increase in combined quarterly profit, however other key profitability measures little changed
7th Mar 22, 9:34am
4
Major banks record $207 million increase in combined quarterly profit, however other key profitability measures little changed
Banks have tapped into the Reserve Bank's Funding for Lending Programme to the tune of more than $8 billion to date
2nd Mar 22, 11:55am
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Banks have tapped into the Reserve Bank's Funding for Lending Programme to the tune of more than $8 billion to date
Westpac is the next major to raise fixed mortgage rates, taking them to mid-pack. They also raised most term deposit rates by about the same amount. But wholesale echoes grow louder from eastern Europe
1st Mar 22, 5:00pm
Westpac is the next major to raise fixed mortgage rates, taking them to mid-pack. They also raised most term deposit rates by about the same amount. But wholesale echoes grow louder from eastern Europe
Softening house prices will 'cool urgency' for larger interest rate rises, Westpac economists believe
28th Feb 22, 2:37pm
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Softening house prices will 'cool urgency' for larger interest rate rises, Westpac economists believe
Kiwibank raises its floating mortgage rate 25 basis points, and ups its home loan fixed rates too, some to higher than its Aussie bank rivals
28th Feb 22, 10:26am
11
Kiwibank raises its floating mortgage rate 25 basis points, and ups its home loan fixed rates too, some to higher than its Aussie bank rivals
Here's a summary of changes to banks' floating mortgage rates since Wednesday's Reserve Bank 25 basis points Official Cash Rate increase
25th Feb 22, 10:24am
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Here's a summary of changes to banks' floating mortgage rates since Wednesday's Reserve Bank 25 basis points Official Cash Rate increase
Reserve Bank sees OCR of 3.4% in 2025; plans to reduce its $54 bln holding of Govt bonds
23rd Feb 22, 2:08pm
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Reserve Bank sees OCR of 3.4% in 2025; plans to reduce its $54 bln holding of Govt bonds
Term deposit rates are moving up, following mortgage rates, and wholesale financial pressures. But there's no evidence the smallness of the recent increases are out of line with how they have always moved
18th Feb 22, 11:34am
14
Term deposit rates are moving up, following mortgage rates, and wholesale financial pressures. But there's no evidence the smallness of the recent increases are out of line with how they have always moved
David Chaston assesses the current round of mortgage rate increases in the perspective of how rates have changed over the past five years, and suggests there's serious upside ahead
18th Feb 22, 10:07am
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David Chaston assesses the current round of mortgage rate increases in the perspective of how rates have changed over the past five years, and suggests there's serious upside ahead
BNZ has raised some home loan rates too following ANZ, but somewhat surprisingly, it has lowered a key one as well. Meanwhile many swap rates move up to four to six year highs
16th Feb 22, 5:59pm
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BNZ has raised some home loan rates too following ANZ, but somewhat surprisingly, it has lowered a key one as well. Meanwhile many swap rates move up to four to six year highs
The nation's largest home loan lender takes a chance and pulls up some key home loan rates, with most of its fixed term offers now higher than all, probably hoping its main rivals will follow soon
14th Feb 22, 8:13pm
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The nation's largest home loan lender takes a chance and pulls up some key home loan rates, with most of its fixed term offers now higher than all, probably hoping its main rivals will follow soon