Westpac

Monthly filled jobs data shows a slight rise in June, but the May figures showed a rise initially as well - and that's now been revised down to a fall; primary sector continues to be a notable bright spot for employment

Monthly filled jobs data shows a slight rise in June, but the May figures showed a rise initially as well - and that's now been revised down to a fall; primary sector continues to be a notable bright spot for employment

Westpac economists drop 2025 house price forecast due to recovery delays

Westpac economists drop 2025 house price forecast due to recovery delays

Rates and rate curves ease lower and flatten for savers using term deposits. There seems little reason for banks to compete hard for this type of funding

Rates and rate curves ease lower and flatten for savers using term deposits. There seems little reason for banks to compete hard for this type of funding

Macquarie analysts say economic modelling implies that the particularly strong bank share market performance in 2024 was not supported by macro fundamentals, with a record deviation between the modelled and actual performance

Macquarie analysts say economic modelling implies that the particularly strong bank share market performance in 2024 was not supported by macro fundamentals, with a record deviation between the modelled and actual performance

With the latest annual inflation rate softer than they expected, economists see the way cleared for another Official Cash Rate cut by the Reserve Bank in August

With the latest annual inflation rate softer than they expected, economists see the way cleared for another Official Cash Rate cut by the Reserve Bank in August

Electronic cards data for June shows that retail spending rose for the first time in four months in June, boosted by a lift in durables and apparel spending, but retailers are reporting that 60% of them did not meet sales targets in the June quarter

Electronic cards data for June shows that retail spending rose for the first time in four months in June, boosted by a lift in durables and apparel spending, but retailers are reporting that 60% of them did not meet sales targets in the June quarter

TSB CEO Kerry Boielle says a 'disproportionate' regulatory workload is stifling innovation by smaller banks

TSB CEO Kerry Boielle says a 'disproportionate' regulatory workload is stifling innovation by smaller banks

Payments NZ launches interbank payments switching website

Payments NZ launches interbank payments switching website

Westpac's chief economist Kelly Eckhold says the Reserve Bank will be keeping a close eye on which of the 'competing growth and inflation drivers' will dominate over the rest of the year

Westpac's chief economist Kelly Eckhold says the Reserve Bank will be keeping a close eye on which of the 'competing growth and inflation drivers' will dominate over the rest of the year

ASB's latest rate reductions are uninspiring for customers, embedding levels all their main rivals were already at, and reinforcing that rate competition is now more perfunctory than real at present

ASB's latest rate reductions are uninspiring for customers, embedding levels all their main rivals were already at, and reinforcing that rate competition is now more perfunctory than real at present

Term deposit rates are slowly spiraling down as household bank accounts get flusher faster than loan demand. The DCS isn't helping either

Term deposit rates are slowly spiraling down as household bank accounts get flusher faster than loan demand. The DCS isn't helping either

The economy grew for the second successive quarter following the sharp contraction seen during last year

The economy grew for the second successive quarter following the sharp contraction seen during last year

Kiwibank poses risk to the returns from the big four Aussie banks' NZ subsidiaries, analysts say

Kiwibank poses risk to the returns from the big four Aussie banks' NZ subsidiaries, analysts say

Mortgage rates are still inching lower, even as wholesale rates are inching higher. Savers face lower TD rate offers just as deposit takers face new fees for the Depositor Compensation Scheme. It's not a great time to be a saver

Mortgage rates are still inching lower, even as wholesale rates are inching higher. Savers face lower TD rate offers just as deposit takers face new fees for the Depositor Compensation Scheme. It's not a great time to be a saver

Statistics NZ's Selected Price Indexes show that food prices rose 4.4% in the past year, while rent prices had their lowest annual increase since 2015; CPI seen heading toward top of RBNZ's target range

Statistics NZ's Selected Price Indexes show that food prices rose 4.4% in the past year, while rent prices had their lowest annual increase since 2015; CPI seen heading toward top of RBNZ's target range