HOT TOPICS: Insurance  Housing affordability  | OCR                             RESOURCES: Economic calendar   |   QROPS fees

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Credit Ratings

Big covered bond from ANZ NZ

ANZ NZ finds cheap funding through the issue of  a €750 million covered bond

What happened Monday

A review of things you need to know before you go home on Monday; term deposit rate drops, sagging labour confidence, median multiples, swap rates rise

Fitch highlights NZ's high household debt

Fitch expects 'sound' performance from NZ banking system in 2015, but sees risk of already high household debt continuing to increase

What happened Monday

A review of things you need to know before you go home on Monday; ANZ cuts SeriousSaver, TSB Bank cuts term deposit rates, rents higher, confidence lower, swaps softer

What happened Friday

A review of things you need to know before you go home on Friday; immigration pace picks up, job ad growth very localised, oil price dives, credit card use rises, swap rates jump and steepen

What happened Thursday

A review of things you need to know before you go home on Thursday; solid Q3 growth, FMA warning, new IRD powers, swap rates rise, NZD a little weaker

What happened Wednesday

A review of things you need to know before you go home on Wednesday; BOP surprise, dairy prices stop falling, more mortgages approved, swap rates lurch down again

What happened Monday

Updated
A review of things you need to know before you go home on Monday; HSBC cuts home loan rates, ASB cuts TD rates, growth downgraded, services strong, Xmas shopping rising, swaps fall & flatten

Fonterra forecast 'credit negative' for NZ banks

Moody's wary of potential impact on banks of reduced Fonterra payout, but doesn't expect return to 2010 level of non-performing loans

What happened Friday

Updated
A review of things you need to know before you go home on Friday; high pre-Christmas confidence, lower fx trading, no inflation, oil price falls further, NZD up