BNZ
Economists are cheered by signs the Reserve Bank's monetary tightening is getting traction but caution that inflationary pressures are still strong
3rd Oct 23, 2:01pm
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Economists are cheered by signs the Reserve Bank's monetary tightening is getting traction but caution that inflationary pressures are still strong
Surprise weekend resolution to avoid US government shutdown and stronger than expected US ISM manufacturing survey add to upside pressure on rates. Fresh highs in yields and steeper curves; US 10-year rate cracks 4.7% before market finds support
3rd Oct 23, 7:48am
Surprise weekend resolution to avoid US government shutdown and stronger than expected US ISM manufacturing survey add to upside pressure on rates. Fresh highs in yields and steeper curves; US 10-year rate cracks 4.7% before market finds support
The cutting edge behavioural analytics NZ banks could use to shut down scammers, and which big bank has signed up
2nd Oct 23, 2:04pm
2
The cutting edge behavioural analytics NZ banks could use to shut down scammers, and which big bank has signed up
Global markets were generally subdued into month-end after large losses for bonds and equities during September. Further signs of easing price pressures in the US and Eurozone
2nd Oct 23, 7:43am
Global markets were generally subdued into month-end after large losses for bonds and equities during September. Further signs of easing price pressures in the US and Eurozone
UK gilts sell-off leads another bout of higher rates around the world and fresh cycle highs; US 10-year rate up to 4.69% before reversing course. Progress in UAW and carmaker wage negotiations, and improving US/China talks support risk appetite
29th Sep 23, 7:53am
UK gilts sell-off leads another bout of higher rates around the world and fresh cycle highs; US 10-year rate up to 4.69% before reversing course. Progress in UAW and carmaker wage negotiations, and improving US/China talks support risk appetite
The latest ANZ Business Outlook survey shows a mixed picture of a 'patchy' economy, with inflationary pressures gradually waning, but with cost and wage expectations remaining very elevated
28th Sep 23, 1:28pm
18
The latest ANZ Business Outlook survey shows a mixed picture of a 'patchy' economy, with inflationary pressures gradually waning, but with cost and wage expectations remaining very elevated
Global long-term rates up to fresh cycle highs; US 10-year reaches 4.63%, curve steepens further; US equities continue to fall. Oil prices up 3% to fresh highs for the year as US crude inventories running low
28th Sep 23, 8:00am
Global long-term rates up to fresh cycle highs; US 10-year reaches 4.63%, curve steepens further; US equities continue to fall. Oil prices up 3% to fresh highs for the year as US crude inventories running low
KPMG's latest quarterly look at banks' financials highlights that only 'slight' increases have been seen in net interest income, with much of the increased bank profitability coming from greater gains on trading and hedging products
27th Sep 23, 9:51am
1
KPMG's latest quarterly look at banks' financials highlights that only 'slight' increases have been seen in net interest income, with much of the increased bank profitability coming from greater gains on trading and hedging products
US Treasury yields trade near cycle highs with little net movement overnight; Global forces send NZ rates up to fresh highs yesterday. USD broadly stronger, but only small moves overall
27th Sep 23, 7:53am
US Treasury yields trade near cycle highs with little net movement overnight; Global forces send NZ rates up to fresh highs yesterday. USD broadly stronger, but only small moves overall
Global bond market sell-off returns - US and German 10-year rates up to fresh highs; steeper curves evident, with US2s10s at four-month high. China's Evergrande woes return. China property stocks lower, yuan softer; global metal prices weaker
26th Sep 23, 7:45am
1
Global bond market sell-off returns - US and German 10-year rates up to fresh highs; steeper curves evident, with US2s10s at four-month high. China's Evergrande woes return. China property stocks lower, yuan softer; global metal prices weaker
[updated]
There are more home loan rate rises but they are not market leading - those are yet to come. Still, the sting to household budgets will be spreading around the country, and the downstream impacts won't be light
25th Sep 23, 10:29am
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There are more home loan rate rises but they are not market leading - those are yet to come. Still, the sting to household budgets will be spreading around the country, and the downstream impacts won't be light
US equities fall for four consecutive days, third consecutive week. UST yields reverse course. BoJ maintains ultra-easy policy with Governor Ueda dovish; yen weakens back to near 10-month low
25th Sep 23, 8:34am
US equities fall for four consecutive days, third consecutive week. UST yields reverse course. BoJ maintains ultra-easy policy with Governor Ueda dovish; yen weakens back to near 10-month low
[updated]
Westpac's 6% nine month TD rate shifts a main bank into the heart of where savers want to commit for term savings, and close to where challenger banks have already gone
25th Sep 23, 8:03am
25
Westpac's 6% nine month TD rate shifts a main bank into the heart of where savers want to commit for term savings, and close to where challenger banks have already gone
NZ banks are lagging on real-time payments and fraud protections. The Commerce Commission says it could force them to get on with it
22nd Sep 23, 10:59am
2
NZ banks are lagging on real-time payments and fraud protections. The Commerce Commission says it could force them to get on with it
Global curves steeper in the wake of the Fed's hawkish-hold; BoE and Swiss National Bank opt to keep rates on hold. Fresh highs for 10-year rates across the US, Germany, Japan NZ and others. US 10-year rate just shy of 4.5%
22nd Sep 23, 7:49am
Global curves steeper in the wake of the Fed's hawkish-hold; BoE and Swiss National Bank opt to keep rates on hold. Fresh highs for 10-year rates across the US, Germany, Japan NZ and others. US 10-year rate just shy of 4.5%
The US Federal Reserve upwardly revised growth forecasts, the updated quarterly projections signalled one further 25bp hike this year and notably reduced the amount of easing for 2024
21st Sep 23, 7:54am
The US Federal Reserve upwardly revised growth forecasts, the updated quarterly projections signalled one further 25bp hike this year and notably reduced the amount of easing for 2024
Global rates push higher. Nerves ahead of Fed meeting in 24 hours, much higher than expected Canadian CPI inflation data and higher oil prices not helping. Further recovery in global dairy prices at the overnight GDT auction
20th Sep 23, 7:49am
Global rates push higher. Nerves ahead of Fed meeting in 24 hours, much higher than expected Canadian CPI inflation data and higher oil prices not helping. Further recovery in global dairy prices at the overnight GDT auction
[updated]
Show me the (scammed) money: Banking Ombudsman says complaints from scammed New Zealanders show they lost on average $57,000
19th Sep 23, 2:08pm
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Show me the (scammed) money: Banking Ombudsman says complaints from scammed New Zealanders show they lost on average $57,000
BNZ chief economist estimates the average annual expense associated with buying the median NZ home currently exceeds the cost of renting by just over $38,000 a year
19th Sep 23, 11:46am
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BNZ chief economist estimates the average annual expense associated with buying the median NZ home currently exceeds the cost of renting by just over $38,000 a year
A quiet start to a busy week, with Fed, BoE and BoJ meetings later in the week. US Treasuries curve flattens; BIS warns of growing leverage in the market
19th Sep 23, 7:51am
A quiet start to a busy week, with Fed, BoE and BoJ meetings later in the week. US Treasuries curve flattens; BIS warns of growing leverage in the market
US equities ended last week on a soft note led by technology stocks. US inflation expectations fell more than expected. Better then expected activity data in China provided a temporary boost for Australasian currencies
18th Sep 23, 7:45am
US equities ended last week on a soft note led by technology stocks. US inflation expectations fell more than expected. Better then expected activity data in China provided a temporary boost for Australasian currencies
[updated]
'Just goes to show how behind we are': NZ banks to bring in name and account number checking, remove links from texts and work together to freeze mule accounts to combat rampant scams
15th Sep 23, 10:37am
23
'Just goes to show how behind we are': NZ banks to bring in name and account number checking, remove links from texts and work together to freeze mule accounts to combat rampant scams
US economic data play to soft landing narrative. Oil prices continue to rise. US Treasury yields push higher. EUR and GBP weaker after ECB's dovish hike
15th Sep 23, 7:56am
1
US economic data play to soft landing narrative. Oil prices continue to rise. US Treasury yields push higher. EUR and GBP weaker after ECB's dovish hike
Response across financial markets to higher US CPI was largely subdued. Eurozone Industrial production fell. The UK economy contracted more than expected
14th Sep 23, 7:52am
1
Response across financial markets to higher US CPI was largely subdued. Eurozone Industrial production fell. The UK economy contracted more than expected
Oil prices up to a 10-month high on signs of a tightening market. Global rates well contained ahead of key US CPI data tonight, with higher petrol prices likely to push inflation higher
13th Sep 23, 7:46am
1
Oil prices up to a 10-month high on signs of a tightening market. Global rates well contained ahead of key US CPI data tonight, with higher petrol prices likely to push inflation higher