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Interest rates

Squirrel's David Cunningham explains how interest rates are set and how banks have been able to boost their margins by about 20%
7th Sep 23, 2:14pm
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Squirrel's David Cunningham explains how interest rates are set and how banks have been able to boost their margins by about 20%
George Kladakis & Alexandros Skouralis say the US banking system remains vulnerable to shocks from within the financial system and more general calamities
6th Sep 23, 9:18am
by Guest
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George Kladakis & Alexandros Skouralis say the US banking system remains vulnerable to shocks from within the financial system and more general calamities
Reserve Bank of Australia says interest rate increases working, but more could still be needed
5th Sep 23, 4:39pm
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Reserve Bank of Australia says interest rate increases working, but more could still be needed
ASB raises carded fixed home loan rates, now the only bank with a 2-year rate over 7%. This comes as the bank raises term deposit rates for savers
4th Sep 23, 10:20am
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ASB raises carded fixed home loan rates, now the only bank with a 2-year rate over 7%. This comes as the bank raises term deposit rates for savers
Another main bank, ASB, now offers 6% for term deposits of 1-year, joining Kiwibank. ASB also becomes first bank to raise key 2-year home loan rate above 7%
4th Sep 23, 9:51am
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Another main bank, ASB, now offers 6% for term deposits of 1-year, joining Kiwibank. ASB also becomes first bank to raise key 2-year home loan rate above 7%
Latest RBNZ figures show that specific mortgage loan impairments rose 12.1% in the past month, while total non-performing mortgage loans were up 5.6%
31st Aug 23, 4:12pm
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Latest RBNZ figures show that specific mortgage loan impairments rose 12.1% in the past month, while total non-performing mortgage loans were up 5.6%
Six percent term deposit offers are more common now with 11 banks offering them. But Kiwibank is the first main bank offering 6% for a 1 year commitment. Some savers can enhance those returns by using PIEs
31st Aug 23, 2:21pm
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Six percent term deposit offers are more common now with 11 banks offering them. But Kiwibank is the first main bank offering 6% for a 1 year commitment. Some savers can enhance those returns by using PIEs
'We see quarterly economic activity flitting between small positives and negatives over the remainder of 2023. In per capita terms the economic downturn will be much more pronounced' - ASB economists
29th Aug 23, 11:37am
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'We see quarterly economic activity flitting between small positives and negatives over the remainder of 2023. In per capita terms the economic downturn will be much more pronounced' - ASB economists
Westpac joins ASB and ANZ with higher fixed home loan rates. It also raises term deposit rates. With the majors mostly falling into line with the ASB-led hiking, all eyes will now turn to BNZ and Kiwibank
24th Aug 23, 5:13pm
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Westpac joins ASB and ANZ with higher fixed home loan rates. It also raises term deposit rates. With the majors mostly falling into line with the ASB-led hiking, all eyes will now turn to BNZ and Kiwibank
[updated]
Stats NZ figures show that retail sales volumes have fallen for a third quarter in a row, with figures only propped up somewhat by a surge in motor vehicle sales to beat changes to the Clean Car Discount Scheme
23rd Aug 23, 11:28am
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Stats NZ figures show that retail sales volumes have fallen for a third quarter in a row, with figures only propped up somewhat by a surge in motor vehicle sales to beat changes to the Clean Car Discount Scheme
A major bank offers 6% for a term deposit, as ANZ raises some key rates and adopts that rate for an 18-month term
22nd Aug 23, 7:04pm
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A major bank offers 6% for a term deposit, as ANZ raises some key rates and adopts that rate for an 18-month term
ASB opened the door, and the first to walk through it is ANZ with an even steeper set of fixed home loan rate increases
22nd Aug 23, 7:04pm
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ASB opened the door, and the first to walk through it is ANZ with an even steeper set of fixed home loan rate increases
If the economy develops as expected, with very weak economic activity and falling inflation, then 'we should start talking more about rate cuts as we head into next year', Kiwibank economists say
22nd Aug 23, 11:34am
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If the economy develops as expected, with very weak economic activity and falling inflation, then 'we should start talking more about rate cuts as we head into next year', Kiwibank economists say
Westpac economists say if the RBNZ's judgement is wrong, then New Zealand could be facing a protracted period of strong domestic inflation pressures
21st Aug 23, 2:23pm
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Westpac economists say if the RBNZ's judgement is wrong, then New Zealand could be facing a protracted period of strong domestic inflation pressures
Reserve Bank Assistant Governor Karen Silk says the Official Cash Rate is working despite sticky core inflation and record high employment
21st Aug 23, 9:41am
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Reserve Bank Assistant Governor Karen Silk says the Official Cash Rate is working despite sticky core inflation and record high employment
ASB heeds their owner's boss, raising home loan rates in unseasonal drive to protect profits. But SBS Bank strikes with a very competitive sub-6% three year rate
21st Aug 23, 9:02am
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ASB heeds their owner's boss, raising home loan rates in unseasonal drive to protect profits. But SBS Bank strikes with a very competitive sub-6% three year rate
RBNZ Governor Adrian Orr expects to serve out his five-year term despite polls pointing to a change in government
17th Aug 23, 5:03pm
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RBNZ Governor Adrian Orr expects to serve out his five-year term despite polls pointing to a change in government
Japan has gone its own way on fighting inflation so Michael Mouat asks if NZ can learn from a global outlier
17th Aug 23, 4:05pm
by Guest
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Japan has gone its own way on fighting inflation so Michael Mouat asks if NZ can learn from a global outlier
The Reserve Bank could lift the Official Cash Rate one more time early in 2024
17th Aug 23, 5:00am
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The Reserve Bank could lift the Official Cash Rate one more time early in 2024
Westpac steps out of line with a 10 basis points cut to its 2-year fixed home loan rate. Although not a large drop, it is the first non-trivial reduction in a main bank 2-year rate for six months
14th Aug 23, 12:35pm
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Westpac steps out of line with a 10 basis points cut to its 2-year fixed home loan rate. Although not a large drop, it is the first non-trivial reduction in a main bank 2-year rate for six months
Alexander Douglas weighs up the idea of permanently setting interest rates at zero
14th Aug 23, 10:17am
by Guest
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Alexander Douglas weighs up the idea of permanently setting interest rates at zero
Commerce Commission's preliminary issues paper for its banking market study suggests evolutionary rather than revolutionary change
11th Aug 23, 10:41am
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Commerce Commission's preliminary issues paper for its banking market study suggests evolutionary rather than revolutionary change
[updated]
Influential RBNZ survey shows a slight rise in the expected level of inflation in two years time
9th Aug 23, 3:22pm
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Influential RBNZ survey shows a slight rise in the expected level of inflation in two years time
A new paper by Treasury, the Reserve Bank, and the Ministry of Housing says housing supply and wage inflation are the two biggest factors in setting rental prices
7th Aug 23, 2:55pm
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A new paper by Treasury, the Reserve Bank, and the Ministry of Housing says housing supply and wage inflation are the two biggest factors in setting rental prices
Economists at Westpac and ANZ still see the combination of economic resilience and 'sticky' inflation as forcing the Reserve Bank to raise the Official Cash Rate again
7th Aug 23, 1:33pm
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Economists at Westpac and ANZ still see the combination of economic resilience and 'sticky' inflation as forcing the Reserve Bank to raise the Official Cash Rate again