Westpac

More banks jockey for position on home loan rate levels, with BNZ now shifting rates both ways; up for shorter fixed terms, down for longer fixed terms

More banks jockey for position on home loan rate levels, with BNZ now shifting rates both ways; up for shorter fixed terms, down for longer fixed terms

Our largest mortgage lender reverses its early June home loan rate hikes - and cuts a wider range of term deposit rates at the same time

Our largest mortgage lender reverses its early June home loan rate hikes - and cuts a wider range of term deposit rates at the same time

Westpac-McDermott Miller Employment Confidence Index reports lowest confidence reading since the survey began in 2004

Westpac-McDermott Miller Employment Confidence Index reports lowest confidence reading since the survey began in 2004

Jarden analysts see a sea-change for the Aussie parents of NZ's major banks, with tax changes ending 'rivers of gold' from housing lending and bringing dividend payout ratios into question

Jarden analysts see a sea-change for the Aussie parents of NZ's major banks, with tax changes ending 'rivers of gold' from housing lending and bringing dividend payout ratios into question

The Red Bank heaps competitive pressure on ANZ by cutting some longer carded fixed rates, after ANZ raised all its fixed rates in early June

The Red Bank heaps competitive pressure on ANZ by cutting some longer carded fixed rates, after ANZ raised all its fixed rates in early June

Westpac-McDermott Miller Consumer Confidence Index shows consumer confidence in the June quarter dropped to the lowest level since 2023 due to the Middle East conflict, fuel and living costs

Westpac-McDermott Miller Consumer Confidence Index shows consumer confidence in the June quarter dropped to the lowest level since 2023 due to the Middle East conflict, fuel and living costs

Following May’s SPI figures, bank economists have revised their inflation projections for the June quarter and while the US-Iran deal is welcomed, it ‘doesn’t fully unwind the global oil supply shock’

Following May’s SPI figures, bank economists have revised their inflation projections for the June quarter and while the US-Iran deal is welcomed, it ‘doesn’t fully unwind the global oil supply shock’

NZIER's latest consensus forecasts show sluggish GDP growth as geopolitical conflict, fuel prices and election uncertainty put the brakes on the economy

NZIER's latest consensus forecasts show sluggish GDP growth as geopolitical conflict, fuel prices and election uncertainty put the brakes on the economy

Economists expect March quarter GDP to top 1% with the effects of the Middle East conflict and global fuel crisis are likely to hit harder in GDP releases later this year

Economists expect March quarter GDP to top 1% with the effects of the Middle East conflict and global fuel crisis are likely to hit harder in GDP releases later this year

The BNZ-BusinessNZ Performance of Manufacturing Index fell into the red in May, recording the lowest reading the index has reported in almost a year

The BNZ-BusinessNZ Performance of Manufacturing Index fell into the red in May, recording the lowest reading the index has reported in almost a year

By not following ANZ up, its main rivals have opened up a competitive mortgage pricing advantage. Will they take the extra margin and rise too, or the extra volume that lower prices can encourage?

By not following ANZ up, its main rivals have opened up a competitive mortgage pricing advantage. Will they take the extra margin and rise too, or the extra volume that lower prices can encourage?

Our largest bank increases all its fixed mortgage rates to levels equal to or above its main rivals. At the same time it has raised two term deposit rates but left all others unchanged

Our largest bank increases all its fixed mortgage rates to levels equal to or above its main rivals. At the same time it has raised two term deposit rates but left all others unchanged

‘I would be very disappointed’ if banks passed costs of a new prudential levy onto their customers, Finance Minister Nicola Willis says

‘I would be very disappointed’ if banks passed costs of a new prudential levy onto their customers, Finance Minister Nicola Willis says

Government introduces new levy on banks, non-bank deposit takers, insurers and financial market infrastructure providers which is estimated to raise $209 million over the next four years

Government introduces new levy on banks, non-bank deposit takers, insurers and financial market infrastructure providers which is estimated to raise $209 million over the next four years

Most economists predict the Reserve Bank will start raising the Official Cash Rate from July, following a split vote at May's Monetary Policy Committee meeting

Most economists predict the Reserve Bank will start raising the Official Cash Rate from July, following a split vote at May's Monetary Policy Committee meeting