ASB
Commerce Commission already contacting NZ's big four banks as chairman warns market studies are 'no quick fix'
21st Jun 23, 3:16pm
4
Commerce Commission already contacting NZ's big four banks as chairman warns market studies are 'no quick fix'
Gareth Vaughan is encouraged to see 4 key issues featuring in the banking competition probe, but wary and sees an elephant in the room
21st Jun 23, 10:14am
27
Gareth Vaughan is encouraged to see 4 key issues featuring in the banking competition probe, but wary and sees an elephant in the room
[updated]
Commerce Commission to provide preliminary report on competition in the banking sector by August as market study gets underway
20th Jun 23, 12:30pm
41
Commerce Commission to provide preliminary report on competition in the banking sector by August as market study gets underway
Button set to be pushed on market study into the banking industry on Tuesday
ASB economists say term deposit rates are now slightly above the average level recorded over the past 20 years - but still below the levels savers received in the early 2000s
19th Jun 23, 3:25pm
4
ASB economists say term deposit rates are now slightly above the average level recorded over the past 20 years - but still below the levels savers received in the early 2000s
[updated]
There have been home loan rate changes up (main banks) and down (challenger bank) this week. We update who has changed what, and review what fixed terms are the most popular, and how that popularity has changed
16th Jun 23, 5:00pm
18
There have been home loan rate changes up (main banks) and down (challenger bank) this week. We update who has changed what, and review what fixed terms are the most popular, and how that popularity has changed
ASB economists estimate higher interest rates have added an average of 60 cents per kilogram of milk solids to debt servicing costs for dairy farmers over the past year
14th Jun 23, 10:40am
9
ASB economists estimate higher interest rates have added an average of 60 cents per kilogram of milk solids to debt servicing costs for dairy farmers over the past year
Economists at the country's biggest banks are neatly divided as to whether the economy has or has not gone into recession, but there's great consensus that things are slowing and that our current account deficit's very big
12th Jun 23, 3:22pm
21
Economists at the country's biggest banks are neatly divided as to whether the economy has or has not gone into recession, but there's great consensus that things are slowing and that our current account deficit's very big
[updated]
Stats NZ figures show that total card spending fell by 1.9% in May, with only one industry seeing a rise; spending 'much weaker than expected' in the month; consumer spending likely to 'remain soggy' over the second half of the year
12th Jun 23, 11:23am
43
Stats NZ figures show that total card spending fell by 1.9% in May, with only one industry seeing a rise; spending 'much weaker than expected' in the month; consumer spending likely to 'remain soggy' over the second half of the year
Figures to be released in the coming week may or may not show the country entering a 'technical recession' - but either way, the Reserve Bank will be content enough if the data shows heat coming out of the economy
11th Jun 23, 6:00am
18
Figures to be released in the coming week may or may not show the country entering a 'technical recession' - but either way, the Reserve Bank will be content enough if the data shows heat coming out of the economy
Banks raise housing, business & agriculture loan provisions, have work to do on regulatory capital, see returns on equity fall
6th Jun 23, 7:37am
1
Banks raise housing, business & agriculture loan provisions, have work to do on regulatory capital, see returns on equity fall
ASB pushes up some key fixed home loan rates well above its main rivals as both wholesale and term deposit rates raise, a warning signal that mortgage rates have more upside
2nd Jun 23, 10:38am
50
ASB pushes up some key fixed home loan rates well above its main rivals as both wholesale and term deposit rates raise, a warning signal that mortgage rates have more upside
Timeline set for big banks as the slow burn of open banking in New Zealand rolls on
30th May 23, 11:02am
30
Timeline set for big banks as the slow burn of open banking in New Zealand rolls on
Big four banks' combined half-year dividends drop but still top $2 billion
29th May 23, 9:51am
Big four banks' combined half-year dividends drop but still top $2 billion
The red bank raises rates for both borrowers and savers, following ASB, passing on the RBNZ policy rate increase
25th May 23, 4:00pm
1
The red bank raises rates for both borrowers and savers, following ASB, passing on the RBNZ policy rate increase
[updated]
Stats NZ says decreased volumes in hardware and vehicle retailing helped drive a fall in total retail sales in the March 2023 quarter
24th May 23, 11:45am
20
Stats NZ says decreased volumes in hardware and vehicle retailing helped drive a fall in total retail sales in the March 2023 quarter
The Reserve Bank is almost being 'out-hawked' by economists as they bid up the odds of higher interest rates ahead of this week's latest Official Cash Rate decision
22nd May 23, 2:23pm
23
The Reserve Bank is almost being 'out-hawked' by economists as they bid up the odds of higher interest rates ahead of this week's latest Official Cash Rate decision
Banks offering cash to borrowers taking out house insurance with, and sometimes without, their home loans
20th May 23, 9:17am
5
Banks offering cash to borrowers taking out house insurance with, and sometimes without, their home loans
Gareth Vaughan argues borrowers who bought their first home in 2020-21 face being let down by the system
13th May 23, 10:01am
167
Gareth Vaughan argues borrowers who bought their first home in 2020-21 face being let down by the system
Three banks now offer 6% for a one year term deposit. That is the current peak offer point. However it isn't clear that the majors will follow
12th May 23, 5:01am
36
Three banks now offer 6% for a one year term deposit. That is the current peak offer point. However it isn't clear that the majors will follow
[updated]
Food prices up 12.5% in the year to April 2023 - the highest annual rate of increase seen since 1987; National's Willis says household budgets have 'nowhere to hide'
11th May 23, 10:58am
130
Food prices up 12.5% in the year to April 2023 - the highest annual rate of increase seen since 1987; National's Willis says household budgets have 'nowhere to hide'
[updated]
Stats NZ figures show that total card spending rose 1% after seasonal adjustment in April, following a big 3.1% rise in March
9th May 23, 11:13am
67
Stats NZ figures show that total card spending rose 1% after seasonal adjustment in April, following a big 3.1% rise in March
Statistics New Zealand says the unemployment rate remained the same in the March quarter, while there were 22,000 jobs added, the labour force participation rate hit a new high and private sector ordinary hourly wage growth rose to 8.2%
3rd May 23, 11:04am
97
Statistics New Zealand says the unemployment rate remained the same in the March quarter, while there were 22,000 jobs added, the labour force participation rate hit a new high and private sector ordinary hourly wage growth rose to 8.2%
What recession? New Zealand is still adding jobs, Statistics NZ's March employment indicator shows
28th Apr 23, 1:29pm
36
What recession? New Zealand is still adding jobs, Statistics NZ's March employment indicator shows
The Icehouse calls for the Government's proposed Business Growth Fund to seek SME equity investment from beyond just banks
26th Apr 23, 7:04am
The Icehouse calls for the Government's proposed Business Growth Fund to seek SME equity investment from beyond just banks