ASB
[updated]
Statistics New Zealand says the unemployment rate has remained at 3.3%; but private sector hourly wages have risen more than anybody forecast - which could have big ramifications for interest rate rises; RBNZ says employment situation 'not sustainable'
2nd Nov 22, 11:00am
178
Statistics New Zealand says the unemployment rate has remained at 3.3%; but private sector hourly wages have risen more than anybody forecast - which could have big ramifications for interest rate rises; RBNZ says employment situation 'not sustainable'
[updated]
ASB and HSBC are the next to raise fixed home loan rates. A feature is the steepness of their hikes for terms of 4 and 5 years. Both raised TD rates too, with ASB matching Kiwibank with a 4.5% one year offer. BNZ raises rates too
26th Oct 22, 8:46am
25
ASB and HSBC are the next to raise fixed home loan rates. A feature is the steepness of their hikes for terms of 4 and 5 years. Both raised TD rates too, with ASB matching Kiwibank with a 4.5% one year offer. BNZ raises rates too
[updated]
Searing domestic inflation has the financial markets now picking a 75-point rise to the Official Cash Rate from the Reserve Bank next month and a peak OCR of over 5%
18th Oct 22, 11:01am
272
Searing domestic inflation has the financial markets now picking a 75-point rise to the Official Cash Rate from the Reserve Bank next month and a peak OCR of over 5%
All the wholesale signals point to a new round of fixed mortgage rate increases soon, even in a real estate market that's failing to fire this spring
18th Oct 22, 9:34am
60
All the wholesale signals point to a new round of fixed mortgage rate increases soon, even in a real estate market that's failing to fire this spring
ASB economists say there is likely 'more upside' to wholesale interest rates, while the odds of an economic 'soft landing' are shrinking
17th Oct 22, 2:23pm
110
ASB economists say there is likely 'more upside' to wholesale interest rates, while the odds of an economic 'soft landing' are shrinking
[updated]
Most banks have been slow to respond to the October 5 RBNZ +50 bps hike to the OCR. They are only now getting around to making floating rate adjustments with Westpac, and now ASB & BNZ seven days after the OCR change
11th Oct 22, 4:31pm
21
Most banks have been slow to respond to the October 5 RBNZ +50 bps hike to the OCR. They are only now getting around to making floating rate adjustments with Westpac, and now ASB & BNZ seven days after the OCR change
[updated]
Banks start reining in credit card loyalty and rewards schemes as regulation of merchant service fees nears
5th Oct 22, 8:06am
47
Banks start reining in credit card loyalty and rewards schemes as regulation of merchant service fees nears
Latest NZIER Quarterly Survey of Business Opinion suggests that shortages for both skilled and unskilled labour are easing from the historically high levels of the past year
4th Oct 22, 10:31am
37
Latest NZIER Quarterly Survey of Business Opinion suggests that shortages for both skilled and unskilled labour are easing from the historically high levels of the past year
How keen are NZ's major banks to cough up for a Business Growth Fund to support SMEs in partnership with the Government?
3rd Oct 22, 9:36am
How keen are NZ's major banks to cough up for a Business Growth Fund to support SMEs in partnership with the Government?
BNZ and Kiwibank raise fixed home loan rates in a restrained way, and join Westpac with a flatter rate card than both ANZ and ASB. The mortgage market now awaits the next RBNZ rate review
29th Sep 22, 9:36am
10
BNZ and Kiwibank raise fixed home loan rates in a restrained way, and join Westpac with a flatter rate card than both ANZ and ASB. The mortgage market now awaits the next RBNZ rate review
When the two year swap rate was last at Monday's level, that was back in May 2010 and the two year fixed mortgage rate was 7.30%. Who says it won't go back to that level?
26th Sep 22, 4:42pm
59
When the two year swap rate was last at Monday's level, that was back in May 2010 and the two year fixed mortgage rate was 7.30%. Who says it won't go back to that level?
ASB and HSBC are the next to raise mortgage rates following ANZ and Westpac. ANZ's lead has been justified by global wholesale rate moves following the US Fed signals and may indicate there is [much?] more to come
23rd Sep 22, 9:15am
81
ASB and HSBC are the next to raise mortgage rates following ANZ and Westpac. ANZ's lead has been justified by global wholesale rate moves following the US Fed signals and may indicate there is [much?] more to come
The first bank to take up some of the mortgage rate space offered by ANZ recently is Westpac. But Westpac has set its new rate card offers with some benefits, especially for the three year fixed rate
22nd Sep 22, 3:54pm
38
The first bank to take up some of the mortgage rate space offered by ANZ recently is Westpac. But Westpac has set its new rate card offers with some benefits, especially for the three year fixed rate
ASB economists say even if the Official Cash Rate is cut in 2024, average borrowing costs are unlikely to move lower until 2025
21st Sep 22, 11:37am
33
ASB economists say even if the Official Cash Rate is cut in 2024, average borrowing costs are unlikely to move lower until 2025
New Zealand's largest mortgage lender strikes out ahead of the pack with some sharp rate hikes for the most popular fixed home loan terms. They also make me-too term deposit rate changes
20th Sep 22, 5:38pm
169
New Zealand's largest mortgage lender strikes out ahead of the pack with some sharp rate hikes for the most popular fixed home loan terms. They also make me-too term deposit rate changes
Despite rises in wholesale rates, TSB launches a market leading low one year fixed home loan rate. It raises term deposit rates at the same time
15th Sep 22, 5:19pm
13
Despite rises in wholesale rates, TSB launches a market leading low one year fixed home loan rate. It raises term deposit rates at the same time
Surging demand in the country's service industries after Covid restrictions saw the country easily avoid recession in the June quarter
15th Sep 22, 11:01am
156
Surging demand in the country's service industries after Covid restrictions saw the country easily avoid recession in the June quarter
BNZ economists say a very wide range of forecasts for the outcome of GDP figures this week likely reflects the 'noise' in the component parts
12th Sep 22, 3:10pm
6
BNZ economists say a very wide range of forecasts for the outcome of GDP figures this week likely reflects the 'noise' in the component parts
Figures to be released in the coming week will likely show the country stayed well clear of recession in the June quarter - but the outlook for the economy is looking, as the Reserve Bank has indicated, pretty anaemic
11th Sep 22, 6:00am
81
Figures to be released in the coming week will likely show the country stayed well clear of recession in the June quarter - but the outlook for the economy is looking, as the Reserve Bank has indicated, pretty anaemic
[updated]
ASB raises two fixed home loan rates. ANZ does too. The increases are small, but add to a rising direction of flatter and higher rates, taking levels back to what we had in 2015
8th Sep 22, 9:15am
102
ASB raises two fixed home loan rates. ANZ does too. The increases are small, but add to a rising direction of flatter and higher rates, taking levels back to what we had in 2015
[updated]
Westpac is first out of the blocks with Spring home loan rate changes, flattening its offering to be competitive for terms of 3 years and longer. TSB also trimmed some rates. But the background is rising rates
3rd Sep 22, 5:00am
22
Westpac is first out of the blocks with Spring home loan rate changes, flattening its offering to be competitive for terms of 3 years and longer. TSB also trimmed some rates. But the background is rising rates
ASB expects house prices to keep falling until mid-next year and interest rates to remain high until 2024
31st Aug 22, 5:00am
45
ASB expects house prices to keep falling until mid-next year and interest rates to remain high until 2024
'It’s the biggest real house price downturn we’ve had since the 1970s'
Major banks deliver a strong quarterly financial performance, just for a change
26th Aug 22, 11:16am
2
Major banks deliver a strong quarterly financial performance, just for a change
ASB says the public's confidence in the housing market has finally cracked