Westpac

Economists are beginning to flirt with a revolutionary idea - that the New Zealand economy might be able to grow and prosper without the traditional leg-up from the housing market

Economists are beginning to flirt with a revolutionary idea - that the New Zealand economy might be able to grow and prosper without the traditional leg-up from the housing market

Reductions to some fixed home loan rates may extend the move by borrowers to fix for longer given swirling uncertainties in the short term

Reductions to some fixed home loan rates may extend the move by borrowers to fix for longer given swirling uncertainties in the short term

Recent major bank financial reporting seen as better than expected by analysts

Recent major bank financial reporting seen as better than expected by analysts

Stats NZ reports that spending on discretionary items helped drive the $239 million seasonally-adjusted rise in sales volumes in the December quarter

Stats NZ reports that spending on discretionary items helped drive the $239 million seasonally-adjusted rise in sales volumes in the December quarter

As financial markets reset after a more dovish than anticipated Reserve Bank monetary policy review, Westpac is cutting three longer term home loan rates

As financial markets reset after a more dovish than anticipated Reserve Bank monetary policy review, Westpac is cutting three longer term home loan rates

Governor Anna Breman says Reserve Bank Monetary Policy Committee isn’t planning on hiking the Official Cash Rate ‘until we see more inflationary pressures and a stronger economy’

Governor Anna Breman says Reserve Bank Monetary Policy Committee isn’t planning on hiking the Official Cash Rate ‘until we see more inflationary pressures and a stronger economy’

ASB now offers the Kāinga Ora low deposit First Home Loan, boosted with a cashback. But borrowers face a hefty Lenders Mortgage Insurance

ASB now offers the Kāinga Ora low deposit First Home Loan, boosted with a cashback. But borrowers face a hefty Lenders Mortgage Insurance

Food prices rocketed 2.5% last month, driving the annual food price rise up 4.6%

Food prices rocketed 2.5% last month, driving the annual food price rise up 4.6%

Retail NZ says while there is slightly more willingness by households to pull out the wallet, 'shoppers are remaining cautious about how much they are spending'

Retail NZ says while there is slightly more willingness by households to pull out the wallet, 'shoppers are remaining cautious about how much they are spending'

The Reserve Bank's first Official Cash Rate review for the year won't see any changes to interest rates - but there will be plenty of other things to watch out for

The Reserve Bank's first Official Cash Rate review for the year won't see any changes to interest rates - but there will be plenty of other things to watch out for

In their forthcoming first economic outlook for the year, Westpac's economists now think there will be SIX hikes of the OCR during next year as the current excess capacity in the economy is swallowed up more quickly than earlier expected

In their forthcoming first economic outlook for the year, Westpac's economists now think there will be SIX hikes of the OCR during next year as the current excess capacity in the economy is swallowed up more quickly than earlier expected

Westpac senior economist Satish Ranchhod says there's been an encouraging lift in discretionary spending, with particularly large increases in spending in the hospitality sector, as well as increased sales of furnishings and other household durables

Westpac senior economist Satish Ranchhod says there's been an encouraging lift in discretionary spending, with particularly large increases in spending in the hospitality sector, as well as increased sales of furnishings and other household durables

Term deposit rates are moving off their recent lows with 4%+ rates starting to spread. Surprisingly the major banks are at the forefront of the rises

Term deposit rates are moving off their recent lows with 4%+ rates starting to spread. Surprisingly the major banks are at the forefront of the rises

ASB comes back again for more mortgage rate rises. Kiwibank also raises rates. They also adjusted TD rates up, but only to rivals' levels

ASB comes back again for more mortgage rate rises. Kiwibank also raises rates. They also adjusted TD rates up, but only to rivals' levels

Westpac's Imre Speizer says significantly higher Australian cash rate shouldn't directly impact NZ rates if its cause is Aussie specific

Westpac's Imre Speizer says significantly higher Australian cash rate shouldn't directly impact NZ rates if its cause is Aussie specific