Interest rates
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
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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
David Hargreaves thinks the Reserve Bank will actually be very comfortable with the latest GDP data - even if economists are not
20th Sep 22, 12:11pm
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David Hargreaves thinks the Reserve Bank will actually be very comfortable with the latest GDP data - even if economists are not
In real terms, Auckland housing is in a bear market having fallen more than 20% since a peak 10 months ago on an inflation adjusted basis
20th Sep 22, 11:31am
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In real terms, Auckland housing is in a bear market having fallen more than 20% since a peak 10 months ago on an inflation adjusted basis
Moody's says worsening housing affordability has increased the risk of mortgage defaults
19th Sep 22, 4:30pm
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Moody's says worsening housing affordability has increased the risk of mortgage defaults
Economists at NZ's biggest bank lift their forecast OCR peak by 75 basis points, also see neutral OCR well up on RBNZ's last estimate
17th Sep 22, 7:56am
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Economists at NZ's biggest bank lift their forecast OCR peak by 75 basis points, also see neutral OCR well up on RBNZ's last estimate
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
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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
New Zealand Financial Markets Association seeking to broaden membership to become industry association for all participants in NZ’s wholesale OTC financial markets
9th Sep 22, 1:55pm
New Zealand Financial Markets Association seeking to broaden membership to become industry association for all participants in NZ’s wholesale OTC financial markets
QV says the average NZ home value dropped 5.5% in the three months to August; 'There's no immediate sign of things getting better'; 'We’re starting to see some pretty significant value reductions now'; Auckland house values drop $743 per day since January
9th Sep 22, 5:00am
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QV says the average NZ home value dropped 5.5% in the three months to August; 'There's no immediate sign of things getting better'; 'We’re starting to see some pretty significant value reductions now'; Auckland house values drop $743 per day since January
[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
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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
Digital technology can help NZ's 'last bus stop on the planet' economy improve productivity, RBNZ's Paul Conway says
7th Sep 22, 12:02pm
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Digital technology can help NZ's 'last bus stop on the planet' economy improve productivity, RBNZ's Paul Conway says
ANZ economists see inflation getting back to targeted levels by the middle of 2024 but think there are 'significant risks' that inflation will remain 'too high for too long'
7th Sep 22, 9:10am
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ANZ economists see inflation getting back to targeted levels by the middle of 2024 but think there are 'significant risks' that inflation will remain 'too high for too long'
The Reserve Bank of Australia raises its cash rate target by +50 bps to 2.35% as expected and isn't seeing any reason to expect CPI inflation lower than 7.75% in 2022, so the pressure remains to get it back to 3% and within their policy range
6th Sep 22, 4:59pm
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The Reserve Bank of Australia raises its cash rate target by +50 bps to 2.35% as expected and isn't seeing any reason to expect CPI inflation lower than 7.75% in 2022, so the pressure remains to get it back to 3% and within their policy range
Beating inflation will likely require a sustained period of higher interest rates and slower economic growth if things like indexing wage growth to the previous year's inflation get entrenched, ANZ economists say
6th Sep 22, 9:38am
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Beating inflation will likely require a sustained period of higher interest rates and slower economic growth if things like indexing wage growth to the previous year's inflation get entrenched, ANZ economists say
David Hargreaves has a dive into the latest monthly mortgage figures, which show a market that has gone from raging hot to freezing cold in a very short space of time
6th Sep 22, 9:00am
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David Hargreaves has a dive into the latest monthly mortgage figures, which show a market that has gone from raging hot to freezing cold in a very short space of time
[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
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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
Latest RBNZ lending figures show the total stock of mortgage borrowing grew by the smallest amount in five years last month
31st Aug 22, 3:28pm
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Latest RBNZ lending figures show the total stock of mortgage borrowing grew by the smallest amount in five years last month
ASB expects house prices to keep falling until mid-next year and interest rates to remain high until 2024
31st Aug 22, 5:00am
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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'
Kiwibank economists believe that fixed mortgage rates have peaked
David Mahon explains the economic impact of China's hot summer, Covid-zero policy and much more
28th Aug 22, 6:00am
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David Mahon explains the economic impact of China's hot summer, Covid-zero policy and much more
ANZ report says house prices have further to fall, notes continuing upward pressures on interest rates
25th Aug 22, 7:04pm
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ANZ report says house prices have further to fall, notes continuing upward pressures on interest rates
ASB says the public's confidence in the housing market has finally cracked
RBNZ figures show that housing investors had their smallest share of the mortgage money advanced last month since the data began being collected in 2014
24th Aug 22, 3:39pm
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RBNZ figures show that housing investors had their smallest share of the mortgage money advanced last month since the data began being collected in 2014
Reserve Bank Assistant Governor Karen Silk says decisions on the desired 'neutral' level for interest rates aren't likely to be made till next year
24th Aug 22, 9:14am
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Reserve Bank Assistant Governor Karen Silk says decisions on the desired 'neutral' level for interest rates aren't likely to be made till next year
ASB and The Co-operative Bank make mortgage rate changes, and some savings account changes. There are small variations between institutions that open up some opportunities
22nd Aug 22, 10:30am
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ASB and The Co-operative Bank make mortgage rate changes, and some savings account changes. There are small variations between institutions that open up some opportunities