ANZ follows Westpac with rate rises for fixed home loans, and in most cases, larger rises than Westpac made. ANZ also raises term deposit rates

Credit cards losing favour, especially with younger people, as digital payments rise in popularity

New Zealand’s jobless rate rose to 5.6% in the June quarter, the highest in over a decade, as young people continue to struggle to get work

A third bank moves to higher fixed mortgage rates, but a flatter set from two years fixed and longer. BNZ's move leaves a short window of opportunity to access currently lower ASB and Kiwibank home loan rates

US data improves; Canada GDP rises; China PMIs weak; Korea bounces back; ditto Japan; yen intervention expensive; Australian PPI inflation rises; UST 10yr at 4.74%; gold dips; oil mixed; NZ$1 = 58.9 USc; TWI-5 = 62.6

China PMIs negative; Korean data positive; Japan mixed; US data well off the boil with worrying bond market signals; Canada growth rises; UST 10yr at 4.75%; gold dips; oil mixed; NZ$1 = 58.9 USc; TWI-5 = 62.6

A review of things you need to know before you sign off on Tuesday; ANZ raises rates, Auckland housing market hibernating, retail spending inches up, retail pay stays very low, credit cards fade, swaps stable, NZD dips, & more