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Posted in Personal Finance

What happened today

A review of things you need to know before you go home on Friday; initial rate changes start, building consent levels disappoint, tourists flood in, as do migrants, swap rate falls pause, NZD falls

What happened Thursday

A review of things you need to know before you go home on Thursday; a day of lower everything - less milk, bigger trade deficit, cheaper debt, lower interest rates, a lower currency

What happened Wednesday

Updated
A review of things you need to know before you go home on Wednesday; social housing focus, Aussie inflation embeds, BNZ takes a different path, eyes on the Fed and RBNZ, NZ swap rates rise

BNZ unveils 'Mission Zero'

BNZ offers borrowers incentive to pay off more than the minimum monthly credit card repayment; Aiming to help reduce the amount of money borrowers pay in credit card interest

What happened Tuesday

Updated
A review of things you need to know before you go home on Tuesday; more home loan rate drops, more credit card balance transfer extensions, swaps rise, NZD falls, farms drier

What happened Monday

A review of things you need to know before you go home on Monday; NZ service sector strong, calls for more irrigation, ANZ to issue hybrids, Japan factories expanding, NZ swap rates fall, NZD lowest in 4 years

What happened Friday

A review of things you need to know before you go home on Friday; down, down, down; five year mortgage rates fall below 6%, Govt deficit smaller, Govt bond yields below cash, NZD lower

What happened Thursday

A review of things you need to know before you go home on Thursday; factories happy, rents rising, consumers very happy, farms sell well, swap rates fall sharply, Kiwi dollar flat-lines

What happened Wednesday

A review of things you need to know before you go home on Wednesday; even more mortgage cuts, plus some TD reductions too, good deflation, a $10 bln boost, a lower NZD

What happened Tuesday

Updated
A review of things you need to know before you go home on Tuesday; more TD reductions, QSBO sweet spot, ANZ cuts Fonterra payout forecast, drought concerns, China growth as expected

Big banks competing hard for borrowers

Updated
ANZ, Westpac offering 0% credit card balance transfer interest rates, BNZ, Kiwibank not much higher

Banks irked by draft Responsible Lending Code

Banks argue proposed Responsible Lending Code will unfairly clamp down on pre-approved lending including home loans

Who is winning the credit card war?

Competition in the lucrative credit card market ramped up this year, and is likely to continue doing so in 2015

What happened Friday

A review of things you need to know before you go home on Friday; RaboDirect and Kiwibank cut rates, low yields spreading, swap rates fall, wholesale trade healthy

What happened Thursday

Updated
A review of things you need to know before you go home on Thursday; car flood, low Govt bond rates, high core funding ratio, Govt staffing 'stable', big home loan guarantee

What happened Wednesday

A review of things you need to know before you go home on Wednesday; UDC cuts rates, house prices rise, mortgage approvals jump, rents jump higher, building activity up, Australia disappoints

What happened Tuesday

A review of things you need to know before you go home on Tuesday; UDC shines, Turners absorbed, new local crude oil pumping, swap rates stop falling, NZD gains

What happened Monday

A review of things you need to know before you go home on Monday; retail rates fall, Treasury sees no hikes imminent, terms of trade descends, debtor students paying up, swap rates fall

Consumers gear up

Updated
Consumer debt rises at fastest annualised pace in almost nine years; Business debt grows at fastest pace in 2 years

What happened Thursday

A review of things you need to know before you go home on Thursday; rising sea levels, big trade deficit, RBNZ hands off in October, swap rates keep falling, NZD keeps rising