[Updated]
2nd Apr 20, 10:03am
RBNZ offers banks more help to encourage them to keep lending... but at a cost, as it restricts them from paying dividends until the economic outlook improves
[Updated]
RBNZ offers banks more help to encourage them to keep lending... but at a cost, as it restricts them from paying dividends until the economic outlook improves
[Updated]
1st Apr 20, 6:15pm
More detail unveiled on which businesses are be eligible for an 80% taxpayer-backed bank loan to get them through the COVID-19 crisis
[Updated]
More detail unveiled on which businesses are be eligible for an 80% taxpayer-backed bank loan to get them through the COVID-19 crisis
31st Mar 20, 7:37am
A wrap of all the tricks the Reserve Bank's pulled out of its bag (so far) to keep cash flowing through the economy
A wrap of all the tricks the Reserve Bank's pulled out of its bag (so far) to keep cash flowing through the economy
28th Mar 20, 10:32am
In the third part of a series on NZ's retail payment systems, Gareth Vaughan looks at the complications of interchange & merchant service fees and finds a government minister still waving a regulatory stick
In the third part of a series on NZ's retail payment systems, Gareth Vaughan looks at the complications of interchange & merchant service fees and finds a government minister still waving a regulatory stick
[Updated]
27th Mar 20, 3:33pm
Most banks set-up to receive mortgage repayment deferral applications online; Customers urged not to swarm call centres
[Updated]
Most banks set-up to receive mortgage repayment deferral applications online; Customers urged not to swarm call centres
27th Mar 20, 9:55am
ASB tests the low end of term deposit offer ranges with a range of cuts up to -20 bps. Other banks sure to follow and loan demand is expected to dive and mortgage rates fall
ASB tests the low end of term deposit offer ranges with a range of cuts up to -20 bps. Other banks sure to follow and loan demand is expected to dive and mortgage rates fall
25th Mar 20, 10:42am
More banks make fixed home loan rate cuts and match them with steep term deposit rate cuts and the overall level of interest rates sink lower
More banks make fixed home loan rate cuts and match them with steep term deposit rate cuts and the overall level of interest rates sink lower
[Updated]
25th Mar 20, 10:38am
Gareth Vaughan looks at the strenuous efforts authorities are making to keep the debt/credit taps on, concluding the banking industry 'normal' may not be the same the other side of COVID-19
[Updated]
Gareth Vaughan looks at the strenuous efforts authorities are making to keep the debt/credit taps on, concluding the banking industry 'normal' may not be the same the other side of COVID-19
23rd Mar 20, 7:41am
Kiwibank chief economist Jarrod Kerr charts New Zealand’s confirmed Covid-19 cases by date of announcement, region, gender and age bracket and finds an all-too familiar trajectory
Kiwibank chief economist Jarrod Kerr charts New Zealand’s confirmed Covid-19 cases by date of announcement, region, gender and age bracket and finds an all-too familiar trajectory
21st Mar 20, 4:24pm
Interest rate changes are now fast-moving and volatile, at both the wholesale and retail levels. We update what that means for term deposit investors
Interest rate changes are now fast-moving and volatile, at both the wholesale and retail levels. We update what that means for term deposit investors
20th Mar 20, 6:17pm
Bank of New Zealand launches a market leading 18 month fixed mortgage rate offer at just 3.05%, the lowest rate for this term by any bank. They also change term deposit rates
Bank of New Zealand launches a market leading 18 month fixed mortgage rate offer at just 3.05%, the lowest rate for this term by any bank. They also change term deposit rates
19th Mar 20, 1:23pm
Kiwibank is cutting 1-year fixed mortgage rate 'special' by -36 bps from Monday to 3.09%, and cutting savings rates by between -10 and -50 bps
Kiwibank is cutting 1-year fixed mortgage rate 'special' by -36 bps from Monday to 3.09%, and cutting savings rates by between -10 and -50 bps
[Updated]
18th Mar 20, 4:49pm
ANZ sets a record low one year fixed home loan rate and slices -25 bps off of almost all term deposit offers. Other banks expected to follow soon
[Updated]
ANZ sets a record low one year fixed home loan rate and slices -25 bps off of almost all term deposit offers. Other banks expected to follow soon
16th Mar 20, 4:54pm
Our economists are talking recession with a capital R: 'It won't be a shallow one'
Our economists are talking recession with a capital R: 'It won't be a shallow one'
[Updated]
16th Mar 20, 8:52am
BNZ, Westpac, ANZ, ASB and Kiwibank cut floating mortgage rates to match RBNZ's 75 basis points OCR cut, some savings rates lowered too
[Updated]
BNZ, Westpac, ANZ, ASB and Kiwibank cut floating mortgage rates to match RBNZ's 75 basis points OCR cut, some savings rates lowered too
14th Mar 20, 10:21am
Kiwibank make the next home loan rate reductions, and its new three year rate stands out as the lowest among their main rivals. ANZ slips further behind the pace
Kiwibank make the next home loan rate reductions, and its new three year rate stands out as the lowest among their main rivals. ANZ slips further behind the pace
12th Mar 20, 10:46am
A downbeat economic outlook is seeing more banks cut their term deposit offers and the trend is probably only just starting
A downbeat economic outlook is seeing more banks cut their term deposit offers and the trend is probably only just starting
[Updated]
9th Mar 20, 3:09pm
BNZ economists expect the economy to contract in the first two quarters of the year; ANZ economists call for a minimum wage freeze and for the Government to increase its debt limit by $60 billion
[Updated]
BNZ economists expect the economy to contract in the first two quarters of the year; ANZ economists call for a minimum wage freeze and for the Government to increase its debt limit by $60 billion
6th Mar 20, 9:39am
Four key profit measures all weakened for New Zealand's big five banks in the December quarter
Four key profit measures all weakened for New Zealand's big five banks in the December quarter
[Updated]
4th Mar 20, 11:55am
RBNZ 'prepared to ensure well-functioning financial system including access to credit, cash & liquidity in the banking system.' BNZ's Toplis says Fed cut 'unjustified', RBNZ could be 'voice of reason in panic-driven world'
[Updated]
RBNZ 'prepared to ensure well-functioning financial system including access to credit, cash & liquidity in the banking system.' BNZ's Toplis says Fed cut 'unjustified', RBNZ could be 'voice of reason in panic-driven world'
