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Interest rates

Could, or should, the RBNZ cut the interest rate it pays on banks' settlement cash accounts in order to reduce the Government's interest bill?
15th Apr 23, 9:20am
25
Could, or should, the RBNZ cut the interest rate it pays on banks' settlement cash accounts in order to reduce the Government's interest bill?
Term deposit rate increases are starting to filter through although they are limp new offers with banks falling further behind the OCR policy signals
14th Apr 23, 12:50pm
40
Term deposit rate increases are starting to filter through although they are limp new offers with banks falling further behind the OCR policy signals
[updated]
First ANZ and now Westpac have moved up on many home loan rates following the OCR hike - but Westpac has cut some longer fixed rates, and quite hard
13th Apr 23, 4:27pm
35
First ANZ and now Westpac have moved up on many home loan rates following the OCR hike - but Westpac has cut some longer fixed rates, and quite hard
New research for the Reserve Bank says if central banks had mandates to prevent unsustainably high house prices they would likely find interest rate changes more effective than macroprudential tools, such as LVR limits, to achieve this goal
13th Apr 23, 12:16pm
28
New research for the Reserve Bank says if central banks had mandates to prevent unsustainably high house prices they would likely find interest rate changes more effective than macroprudential tools, such as LVR limits, to achieve this goal
How far interest rates will fall when inflation abates will depend on the persistence of public debt, on how climate policies are financed and on the extent of deglobalisation, the IMF says
11th Apr 23, 11:20am
by Guest
57
How far interest rates will fall when inflation abates will depend on the persistence of public debt, on how climate policies are financed and on the extent of deglobalisation, the IMF says
Big banks' mortgage serviceability test rates now start at 8.5% and rise above 9%
8th Apr 23, 9:15am
82
Big banks' mortgage serviceability test rates now start at 8.5% and rise above 9%
[updated]
Reserve Bank lifts Official Cash Rate 50 basis points to 5.25% saying severe weather events have led to higher prices for some goods & services
5th Apr 23, 2:22pm
272
Reserve Bank lifts Official Cash Rate 50 basis points to 5.25% saying severe weather events have led to higher prices for some goods & services
Reserve Bank of Australia holds cash rate at 3.60%, but suggests further increases may still be needed
4th Apr 23, 4:46pm
28
Reserve Bank of Australia holds cash rate at 3.60%, but suggests further increases may still be needed
NZIER’s quarterly survey shows economic capacity pressures are easing and businesses are more worried about sales than hiring
4th Apr 23, 10:07am
36
NZIER’s quarterly survey shows economic capacity pressures are easing and businesses are more worried about sales than hiring
Reserve Bank expected to keep its inflation fight going despite weaker than expected GDP, cyclone impact & global banking ructions
27th Mar 23, 3:15pm
72
Reserve Bank expected to keep its inflation fight going despite weaker than expected GDP, cyclone impact & global banking ructions
Inflation will be extended if Kiwi's can't accept they are worse off, Reserve Bank’s Chief Economist Paul Conway says
23rd Mar 23, 2:20pm
92
Inflation will be extended if Kiwi's can't accept they are worse off, Reserve Bank’s Chief Economist Paul Conway says
Worst bank turmoil since 2008 means Federal Reserve is damned if it does and damned if it doesn’t in decision over interest rates
21st Mar 23, 4:03pm
by Guest
34
Worst bank turmoil since 2008 means Federal Reserve is damned if it does and damned if it doesn’t in decision over interest rates
ASB follows rivals with mortgage rate cuts in a home loan market walking on eggshells, one that hasn't fired any shots in a season dominated by low real estate sales transaction levels
20th Mar 23, 9:18am
42
ASB follows rivals with mortgage rate cuts in a home loan market walking on eggshells, one that hasn't fired any shots in a season dominated by low real estate sales transaction levels
Westpac economist suggests weak local economy and overseas banking turbulence mean RBNZ may end OCR hiking cycle in April
17th Mar 23, 2:57pm
68
Westpac economist suggests weak local economy and overseas banking turbulence mean RBNZ may end OCR hiking cycle in April
Rising bank profits highlight tensions between competition watchdogs and central banks
17th Mar 23, 9:16am
by Guest
31
Rising bank profits highlight tensions between competition watchdogs and central banks
Bank term deposit rate offers have shrunk from the start of 2022 in relation to the OCR and the latest increases don't restore those premiums
16th Mar 23, 12:17pm
54
Bank term deposit rate offers have shrunk from the start of 2022 in relation to the OCR and the latest increases don't restore those premiums
BNZ chief economist Mike Jones says significant mortgage rate relief is unlikely this year and he's 'not confident' the housing market can 'right itself' till it is clear mortgage rates have stopped rising
6th Mar 23, 10:05am
16
BNZ chief economist Mike Jones says significant mortgage rate relief is unlikely this year and he's 'not confident' the housing market can 'right itself' till it is clear mortgage rates have stopped rising
Reserve Bank still has 'expectations' the country's banks will increase their term deposit rates - despite no moves from any of the major banks to date since last week's Official Cash Rate hike
3rd Mar 23, 9:26am
29
Reserve Bank still has 'expectations' the country's banks will increase their term deposit rates - despite no moves from any of the major banks to date since last week's Official Cash Rate hike
Latest RBNZ lending figures show the total stock of mortgage borrowing grew by just 4.1% in the 12 months to January, the slowest annual rate of growth in exactly 10 years
28th Feb 23, 4:11pm
11
Latest RBNZ lending figures show the total stock of mortgage borrowing grew by just 4.1% in the 12 months to January, the slowest annual rate of growth in exactly 10 years
Days have passed since the last +50 bps RBNZ rate hike, but no banks have changed retail rates yet, for either home loans or term deposits. And this is despite Adrian Orr calling out the banks over low rates for savers
25th Feb 23, 9:04am
17
Days have passed since the last +50 bps RBNZ rate hike, but no banks have changed retail rates yet, for either home loans or term deposits. And this is despite Adrian Orr calling out the banks over low rates for savers
Russia's war in Ukraine rumbles on, Robertson says monetary response to extreme weather independent decision for RBNZ
21st Feb 23, 7:07am
81
Russia's war in Ukraine rumbles on, Robertson says monetary response to extreme weather independent decision for RBNZ
US treasuries turnaround, Fed sees more work to do to contain inflation pressures as RBNZ moves into the spotlight
20th Feb 23, 7:24am
36
US treasuries turnaround, Fed sees more work to do to contain inflation pressures as RBNZ moves into the spotlight
Influential RBNZ survey shows substantial drop in expectations of inflation in two years time - albeit that at 3.3% the survey respondents still see inflation outside the targeted band in 2025
14th Feb 23, 3:25pm
48
Influential RBNZ survey shows substantial drop in expectations of inflation in two years time - albeit that at 3.3% the survey respondents still see inflation outside the targeted band in 2025
Keynes warned us that practical men and women are but slaves of defunct economists. Economist Brian Easton says the comment is particularly relevant as we try to understand the prospects for inflation
13th Feb 23, 9:23am
8
Keynes warned us that practical men and women are but slaves of defunct economists. Economist Brian Easton says the comment is particularly relevant as we try to understand the prospects for inflation
The next major challenge the Reserve Bank faces is convincing everyone that once interest rates hit peak highs they won't start falling rapidly again
12th Feb 23, 6:00am
128
The next major challenge the Reserve Bank faces is convincing everyone that once interest rates hit peak highs they won't start falling rapidly again