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Westpac

Not only are wholesale rates rising, but banks are coming out of a period where their mortgage margins have been suppressed. Expect the new round of rate hikes to do some catch-up
15th Oct 21, 4:23pm
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Not only are wholesale rates rising, but banks are coming out of a period where their mortgage margins have been suppressed. Expect the new round of rate hikes to do some catch-up
Wholesale rate pressure has pushed one of our largest home loan lenders to raise some key fixed rates and setting their market offerings as the highest available
14th Oct 21, 12:29pm
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Wholesale rate pressure has pushed one of our largest home loan lenders to raise some key fixed rates and setting their market offerings as the highest available
New Zealand's inflation is set to hit another 10-year high, but the key question will be whether this is a short run thing or the start of a lasting wage and price spiral
14th Oct 21, 9:02am
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New Zealand's inflation is set to hit another 10-year high, but the key question will be whether this is a short run thing or the start of a lasting wage and price spiral
The Ts and Cs of the Government's $187 million shared equity scheme for aspiring homeowners
9th Oct 21, 9:57am
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The Ts and Cs of the Government's $187 million shared equity scheme for aspiring homeowners
BNZ follows ANZ and raises its floating mortgage rate by less than the RBNZ OCR increase, completing adjustments from the main banks. But the challenger banks are all yet to follow
8th Oct 21, 10:46am
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BNZ follows ANZ and raises its floating mortgage rate by less than the RBNZ OCR increase, completing adjustments from the main banks. But the challenger banks are all yet to follow
Westpac raises floating mortgage rates by 25bps and increases some savings rates too
7th Oct 21, 2:01pm
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Westpac raises floating mortgage rates by 25bps and increases some savings rates too
The Westpac economists now see a milk price of $8.50 this season, based on expected lower production
6th Oct 21, 11:58am
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The Westpac economists now see a milk price of $8.50 this season, based on expected lower production
The NZIER's latest 'Shadow Board' review ahead of this week's OCR decision shows businesses going cooler on interest rate rises
4th Oct 21, 11:31am
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The NZIER's latest 'Shadow Board' review ahead of this week's OCR decision shows businesses going cooler on interest rate rises
Heartland Bank raises all its home loan interest rates but still retains the claim to the lowest rates available from any bank. Home loan market awaits the RBNZ's signals next Wednesday
1st Oct 21, 10:38am
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Heartland Bank raises all its home loan interest rates but still retains the claim to the lowest rates available from any bank. Home loan market awaits the RBNZ's signals next Wednesday
ANZ moves to raise rates back up to levels first adopted by rival ASB, taking some longer term rates back closer to 5%
28th Sep 21, 6:40pm
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ANZ moves to raise rates back up to levels first adopted by rival ASB, taking some longer term rates back closer to 5%
Rising wholesale money costs are pressing banks to raise rates, but the pace of the rises vary among institutions. That means exploitable advantages are available for borrowers who need to fix now
28th Sep 21, 1:30pm
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Rising wholesale money costs are pressing banks to raise rates, but the pace of the rises vary among institutions. That means exploitable advantages are available for borrowers who need to fix now
Westpac NZ appoints former ASB executive Catherine McGrath as its new CEO
24th Sep 21, 10:10am
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Westpac NZ appoints former ASB executive Catherine McGrath as its new CEO
Former Kiwibank boss Sam Knowles and ex-investment banker Rob Hamilton join Westpac NZ board
20th Sep 21, 1:32pm
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Former Kiwibank boss Sam Knowles and ex-investment banker Rob Hamilton join Westpac NZ board
With wholesale interest rates on the rise as the markets expect an OCR rise soon, we check where term deposit rates are now and how they compare to Aussie rates, where no rate rises are on the horizon
19th Sep 21, 6:00am
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With wholesale interest rates on the rise as the markets expect an OCR rise soon, we check where term deposit rates are now and how they compare to Aussie rates, where no rate rises are on the horizon
ASB sets a new tone in the mortgage market with 30 basis points rate hikes for the most popular fixed home loan terms, takes 18 month and two year rates above 3%. Westpac has matched them
16th Sep 21, 9:30am
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ASB sets a new tone in the mortgage market with 30 basis points rate hikes for the most popular fixed home loan terms, takes 18 month and two year rates above 3%. Westpac has matched them
Are we about to go back to the future fast with as much as a sudden 100 basis points rise in fixed mortgage rate offers? The wholesale cost of money suggests that is a live possibility
15th Sep 21, 6:51pm
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Are we about to go back to the future fast with as much as a sudden 100 basis points rise in fixed mortgage rate offers? The wholesale cost of money suggests that is a live possibility
Aussie parents of NZ's major banks prepared to lend mortgage borrowers up to seven times gross income, which is more than UK, Canadian, Swedish and US banks will lend
14th Sep 21, 6:13pm
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Aussie parents of NZ's major banks prepared to lend mortgage borrowers up to seven times gross income, which is more than UK, Canadian, Swedish and US banks will lend
Another big lockdown has once again changed the economic picture enormously, but GDP figures for the past quarter will still tell us some important things
13th Sep 21, 10:35am
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Another big lockdown has once again changed the economic picture enormously, but GDP figures for the past quarter will still tell us some important things
Hobbled by the pandemic and rising rates, banks respond to the Spring real estate selling season with restrained rises rather than outright rate cuts
13th Sep 21, 8:58am
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Hobbled by the pandemic and rising rates, banks respond to the Spring real estate selling season with restrained rises rather than outright rate cuts
Reserve Bank says thematic review of banks' compliance with its liquidity policy highlights gaps in banks’ liquidity risk management frameworks
9th Sep 21, 11:25am
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Reserve Bank says thematic review of banks' compliance with its liquidity policy highlights gaps in banks’ liquidity risk management frameworks
HSBC trims its three year fixed home loan rate as it raises term deposit rates. This new 3yr rate gives it a substantial advantage over all the main banks
8th Sep 21, 11:08am
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HSBC trims its three year fixed home loan rate as it raises term deposit rates. This new 3yr rate gives it a substantial advantage over all the main banks
The Red Bank raises both mortgage rates and term deposit rates, with a couple with a special position, but most little different from its rivals
6th Sep 21, 6:59pm
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The Red Bank raises both mortgage rates and term deposit rates, with a couple with a special position, but most little different from its rivals
The Covid Alert Level split between Auckland and the rest of NZ could see delays and shortages of goods in some parts of the country, Westpac economists say
6th Sep 21, 2:02pm
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The Covid Alert Level split between Auckland and the rest of NZ could see delays and shortages of goods in some parts of the country, Westpac economists say
ASB and Westpac to waive debit card contactless merchant fees for SMEs until the end of October
3rd Sep 21, 10:00am
ASB and Westpac to waive debit card contactless merchant fees for SMEs until the end of October
Macquarie analysis suggests Australian banks are starting to feel an impact from Covid-19 lockdowns
2nd Sep 21, 8:04am
Macquarie analysis suggests Australian banks are starting to feel an impact from Covid-19 lockdowns