BNZ

Mixed news on Middle East tensions; ideas from mediators conveyed to Iran; Houthis propose maritime blockade for the Red Sea route used by Saudi Arabia; Brent crude currently just under US$90/bbl. US Treasury yields higher

Mixed news on Middle East tensions; ideas from mediators conveyed to Iran; Houthis propose maritime blockade for the Red Sea route used by Saudi Arabia; Brent crude currently just under US$90/bbl. US Treasury yields higher

US and Iran tit-for-tat military attacks increased. Crude rises through Friday night session, up 4½%; expect to see another lurch higher on the Asian open today, Rates and currencies well contained despite the lift in oil prices

US and Iran tit-for-tat military attacks increased. Crude rises through Friday night session, up 4½%; expect to see another lurch higher on the Asian open today, Rates and currencies well contained despite the lift in oil prices

Bank economists are forecasting inflation for the June quarter will reach or crack 4.0%, with Kiwibank saying it’s to be expected that ‘the June quarter inflation numbers will be ugly'

Bank economists are forecasting inflation for the June quarter will reach or crack 4.0%, with Kiwibank saying it’s to be expected that ‘the June quarter inflation numbers will be ugly'

Market movements well contained with no fresh catalysts to drive price action. US retail sales up modestly, in June as expected. US Treasuries and USD reverse course. Rates slightly higher and USD broadly stronger

Market movements well contained with no fresh catalysts to drive price action. US retail sales up modestly, in June as expected. US Treasuries and USD reverse course. Rates slightly higher and USD broadly stronger

Oil prices flat despite ongoing military strikes near the Strait of Hormuz and warnings of a supply crunch. US PPI data weaker than expected, driving down US rates and the USD; pricing for Fed hikes continues to fade

Oil prices flat despite ongoing military strikes near the Strait of Hormuz and warnings of a supply crunch. US PPI data weaker than expected, driving down US rates and the USD; pricing for Fed hikes continues to fade

Surprise, surprise, Trump backs down on his plan for a 20% Hormuz toll; oil prices pare earlier gains. US CPI for June much softer than expected. NZD well supported after run of data and more hawkish RBNZ stance

Surprise, surprise, Trump backs down on his plan for a 20% Hormuz toll; oil prices pare earlier gains. US CPI for June much softer than expected. NZD well supported after run of data and more hawkish RBNZ stance

US reinstates blockade on Iran shipping and impose a 20% levy on cargo shipped through the Strait. Waller signals possible rate hike. Oil prices surge. Global central bank tightening back in play and bond yields increase

US reinstates blockade on Iran shipping and impose a 20% levy on cargo shipped through the Strait. Waller signals possible rate hike. Oil prices surge. Global central bank tightening back in play and bond yields increase

Reliance on housing being the sole source of wealth is changing and will continue to change, Reserve Bank Assistant Governor Karen Silk says

Reliance on housing being the sole source of wealth is changing and will continue to change, Reserve Bank Assistant Governor Karen Silk says

Despite the first Official Cash Rate increase in three years, ANZ NZ, ASB, BNZ and Kiwibank have left their mortgage serviceability test rates unchanged

Despite the first Official Cash Rate increase in three years, ANZ NZ, ASB, BNZ and Kiwibank have left their mortgage serviceability test rates unchanged

US-Iran conflict escalates, but market reaction to hostilities muted, prior to further step up in military action over the weekend. Japanese bonds and yen supported after local investors encouraged to re-allocate towards Japanese assets

US-Iran conflict escalates, but market reaction to hostilities muted, prior to further step up in military action over the weekend. Japanese bonds and yen supported after local investors encouraged to re-allocate towards Japanese assets

'It's the perception and the fear': How Official Cash Rate decisions can influence the optics of an election

'It's the perception and the fear': How Official Cash Rate decisions can influence the optics of an election

Westpac is the first bank to move its floating home loan rates up after the OCR hike, and some of its savings rates too. Kiwibank follows with BNZ, ASB and now ANZ too

Westpac is the first bank to move its floating home loan rates up after the OCR hike, and some of its savings rates too. Kiwibank follows with BNZ, ASB and now ANZ too

Oil prices surged after Trump said ceasefire with Iran was over. Weaker risk sentiment weighed on global equities. Bond yields rose as markets priced additional ECB tightening. Currencies subdued despite volatility in other markets

Oil prices surged after Trump said ceasefire with Iran was over. Weaker risk sentiment weighed on global equities. Bond yields rose as markets priced additional ECB tightening. Currencies subdued despite volatility in other markets

Reserve Bank’s first Official Cash Rate hike in three years divides bank economists, but all agree more increases are coming before the year is out

Reserve Bank’s first Official Cash Rate hike in three years divides bank economists, but all agree more increases are coming before the year is out

Continued volatility in technology stocks contributed to a softer tone across global equities. Attacks on shipping in the Persian Gulf underpinned a rise in oil prices. Global bond yields moved higher

Continued volatility in technology stocks contributed to a softer tone across global equities. Attacks on shipping in the Persian Gulf underpinned a rise in oil prices. Global bond yields moved higher