ANZ
There weren't too many surprises in the new inflation figures out of Statistics NZ, but there’s enough in the data to keep the RBNZ nervous
17th Apr 24, 4:01pm
17
There weren't too many surprises in the new inflation figures out of Statistics NZ, but there’s enough in the data to keep the RBNZ nervous
Ahead of April 17’s much anticipated release of the March quarter CPI, Westpac, ANZ and Kiwibank cast their predictions with all three banks expecting annual inflation to be higher than the RBNZ has forecast
14th Apr 24, 8:07am
61
Ahead of April 17’s much anticipated release of the March quarter CPI, Westpac, ANZ and Kiwibank cast their predictions with all three banks expecting annual inflation to be higher than the RBNZ has forecast
Fintech startup Emerge wants to 'fix' banking in New Zealand, starting with SMEs before launching into consumer banking
9th Apr 24, 10:40am
1
Fintech startup Emerge wants to 'fix' banking in New Zealand, starting with SMEs before launching into consumer banking
Gareth Vaughan takes a look at how the Commerce Commission's suggestion of strengthening Kiwibank to enable it to better compete with its Aussie owned rivals could be accomplished
8th Apr 24, 4:38pm
34
Gareth Vaughan takes a look at how the Commerce Commission's suggestion of strengthening Kiwibank to enable it to better compete with its Aussie owned rivals could be accomplished
As the real estate selling season tails off, two banks trim a key home loan rate just before the RBNZ does its review, and markets turn sceptical rate cuts are imminent
8th Apr 24, 9:08am
39
As the real estate selling season tails off, two banks trim a key home loan rate just before the RBNZ does its review, and markets turn sceptical rate cuts are imminent
New Zealand Commerce Commission's plea for lower bank capital to bolster bank competition – what could possibly go wrong?
3rd Apr 24, 10:11am
13
New Zealand Commerce Commission's plea for lower bank capital to bolster bank competition – what could possibly go wrong?
ANZ economists say the recent published drop in GDP data 'seems to have given things a decent shunt south' in respect to business confidence
28th Mar 24, 1:23pm
49
ANZ economists say the recent published drop in GDP data 'seems to have given things a decent shunt south' in respect to business confidence
ANZ-Roy Morgan consumer confidence survey shows a sharp fall with sentiment 'likely affected by recession headlines'
28th Mar 24, 10:46am
23
ANZ-Roy Morgan consumer confidence survey shows a sharp fall with sentiment 'likely affected by recession headlines'
Commerce Commission wants more influence over interbank payments, potentially including regulation, to increase competition and efficiency
28th Mar 24, 5:00am
4
Commerce Commission wants more influence over interbank payments, potentially including regulation, to increase competition and efficiency
[updated]
Maybe it wasn't a good idea to train users to divulge their Internet banking credentials to third parties?
26th Mar 24, 1:23pm
21
Maybe it wasn't a good idea to train users to divulge their Internet banking credentials to third parties?
Commerce Commission Chairman John Small on what the market for personal banking services could look like in five years' time
24th Mar 24, 7:00am
15
Commerce Commission Chairman John Small on what the market for personal banking services could look like in five years' time
ANZ adds back 1% to its credit card interest rates that it reduced during 'the low interest rate environment during Covid' with its standard cards now incurring a 20.95% rate
22nd Mar 24, 1:34pm
8
ANZ adds back 1% to its credit card interest rates that it reduced during 'the low interest rate environment during Covid' with its standard cards now incurring a 20.95% rate
[updated]
Gareth Vaughan highlights how in its draft recommendations to bolster retail banking competition, the Commerce Commission is muscling in on the Reserve Bank's turf and seeking market intervention from a 3-headed government
21st Mar 24, 1:44pm
12
Gareth Vaughan highlights how in its draft recommendations to bolster retail banking competition, the Commerce Commission is muscling in on the Reserve Bank's turf and seeking market intervention from a 3-headed government
[updated]
Boosting small banks' capital, speeding up open banking & improved bank switching among Commerce Commission recommendations to boost bank competition
21st Mar 24, 8:41am
33
Boosting small banks' capital, speeding up open banking & improved bank switching among Commerce Commission recommendations to boost bank competition
GDP figures out in the coming week might be, in the words of one economist, 'as flat as a pancake', - but this of course is in a country that grew its population by 2.8% last year, meaning many more hands are producing only exactly the same outcome
17th Mar 24, 6:01am
59
GDP figures out in the coming week might be, in the words of one economist, 'as flat as a pancake', - but this of course is in a country that grew its population by 2.8% last year, meaning many more hands are producing only exactly the same outcome
Housing lending as a percentage of New Zealand banks' total lending reaches 70%, KPMG's annual FIPS shows
13th Mar 24, 3:16pm
33
Housing lending as a percentage of New Zealand banks' total lending reaches 70%, KPMG's annual FIPS shows
[updated]
Stats NZ says food prices fell 0.6% in February, while rent increases showed signs of stabilising and domestic airfares went up again; economists see 'upside risks' to March quarter inflation figures
13th Mar 24, 11:31am
12
Stats NZ says food prices fell 0.6% in February, while rent increases showed signs of stabilising and domestic airfares went up again; economists see 'upside risks' to March quarter inflation figures
[updated]
Even though they are small and not market-leading, ASB has made a third set of home loan rate reductions to ensure it remains competitive with its main home loan rivals. And it has cut TD rates too
11th Mar 24, 8:32am
25
Even though they are small and not market-leading, ASB has made a third set of home loan rate reductions to ensure it remains competitive with its main home loan rivals. And it has cut TD rates too
Despite another bank trimming home loan rates, the range of rates among all banks is narrowing for the most competitive terms. BNZ matches its latest cut with term deposit reductions
6th Mar 24, 8:58am
13
Despite another bank trimming home loan rates, the range of rates among all banks is narrowing for the most competitive terms. BNZ matches its latest cut with term deposit reductions
Gareth Vaughan on ANZ NZ's erroneous OCR call, a $30t gamble that changed the world, tackling surcharging & more
5th Mar 24, 10:06am
23
Gareth Vaughan on ANZ NZ's erroneous OCR call, a $30t gamble that changed the world, tackling surcharging & more
It looks like this is moving week for both home loan and term deposit rates, following the RBNZ MPS. ANZ the next to cut retail rates although the changes are not major
4th Mar 24, 8:46am
31
It looks like this is moving week for both home loan and term deposit rates, following the RBNZ MPS. ANZ the next to cut retail rates although the changes are not major
[updated]
Soon after its 18 month mortgage rate cut last week, ASB trims its one and two year home loan rates. And tweaks up its 6 month term deposit rate slightly
4th Mar 24, 8:02am
11
Soon after its 18 month mortgage rate cut last week, ASB trims its one and two year home loan rates. And tweaks up its 6 month term deposit rate slightly
Profit at New Zealand's biggest bank fell 22% in the December quarter as non-performing loans rose above $1 billion
1st Mar 24, 9:12am
Profit at New Zealand's biggest bank fell 22% in the December quarter as non-performing loans rose above $1 billion
ANZ economists continue to think there’s a high chance that forthcoming data will show more work needs to be done by the Reserve Bank to return inflation to its target in an acceptable time frame
29th Feb 24, 1:27pm
14
ANZ economists continue to think there’s a high chance that forthcoming data will show more work needs to be done by the Reserve Bank to return inflation to its target in an acceptable time frame
Chairman John Key stepping down from ANZ NZ's board next month, will quit parent ANZ Banking Group's board too
27th Feb 24, 9:58am
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Chairman John Key stepping down from ANZ NZ's board next month, will quit parent ANZ Banking Group's board too