The country's largest mortgage lender raises its carded home loan rates too, with more than me-too increases. Unlike some, they raised term deposit rates at the same time

ASB is the next major bank to adjust fixed rates and they have been more restrained in their moves than Westpac or ANZ. ASB also reprised a 5% TD rate. Kiwibank follows with their own rate hikes

Household term deposit balances have flat-lined since early 2024. But now that bank offer rates are rising, with 4%-plus rates even offered by some main banks, will that encourage savers to move back?

Tightening monetary policy in response to a short-lived disruption would only dampen growth without materially improving near-term inflation outcomes, Anna Breman says

Apart from the post-pandemic 'normalisation', we seem to be starting an upward phase for fixed home loan rates, one we haven't seen since late 2016

Low returns and potential negative cash flows are reducing the appeal of residential property as an investment

Investors panic over inflation threats; IEA sees historic disruption; Taiwan export orders up +24%; China FDI weak; UST 10yr at 4.39%; gold soft; reason for silver surge revealed; oil rises again; NZ$1 = 58.4 USc; TWI-5 = 62.1