Westpac economists have come to the conclusion the massive 0.9% June GDP slump was an anomaly due to a series of events stemming back to the closure of New Zealand's only oil refinery and they say the 'real' result was more like a 0.1% drop

Brian Easton says many reputable commentators think the current financial system is in its Ponzi phase, with the expectation that at some stage the bubble will pop

Westpac New Zealand annual profit falls as expenses rise. Net interest margin increases 15 basis points

ANZ's economists expect interest rates to bottom out late this year/early next year, suggesting borrowers need to start thinking about fixing mortgages to lock in lower rates

Labour market figures to be released in the coming week may show the unemployment rate hitting a nearly nine-year high - but the figures might also indicate the jobs market is now starting to stabilise

Not much cheer for savers as 2025 heads towards its end, with term deposit rates being lowered by some, and soft everywhere

Cotality says we may be at the start of a housing market recovery but sentiment remains cautious