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

BNZ is the next to raise fixed mortgage rates, but they do it differently to Westpac, holding advantages in some terms. BNZ did not raise term deposit rates at the same time, as Westpac did

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?

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

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

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

A review of things you need to know before you sign off on Tuesday; retail rates start to rise, food inflation up, rents deflate, farm costs under threat, Mercury targets new bond, RBA hikes, swaps stable, NZD up, & more