Westpac NZ

Statistics NZ’s retail trade survey finds squeezed household budgets caused a 0.5% drop in seasonally adjusted retail sales volumes in the June quarter, the first quarterly fall since December 2024

Statistics NZ’s retail trade survey finds squeezed household budgets caused a 0.5% drop in seasonally adjusted retail sales volumes in the June quarter, the first quarterly fall since December 2024

Don't expect the March quarter to show much price pressure, economists say as some suggest annual inflation will soften slightly before it accelerates in the June quarter

Don't expect the March quarter to show much price pressure, economists say as some suggest annual inflation will soften slightly before it accelerates in the June quarter

‘Our new laser-focussed-on-inflation RBNZ Governor will not be amused’: Economists say OCR hike in 2026 ‘likelier than not’ following latest annual inflation figures

‘Our new laser-focussed-on-inflation RBNZ Governor will not be amused’: Economists say OCR hike in 2026 ‘likelier than not’ following latest annual inflation figures

'Do we really think we are currently growing at the same pace as China and three times that of Australia?': BNZ's head of research says latest GDP result delivered 'more noise than signal', encourages scepticism

'Do we really think we are currently growing at the same pace as China and three times that of Australia?': BNZ's head of research says latest GDP result delivered 'more noise than signal', encourages scepticism

Economists say the September quarter annual inflation figure likely marks the peak and they still expect the Reserve Bank to cut the Official Cash Rate again next month

Economists say the September quarter annual inflation figure likely marks the peak and they still expect the Reserve Bank to cut the Official Cash Rate again next month

Tower replacing IAG NZ as Westpac NZ’s general insurance partner ‘strategically important’ in the long-term, Forsyth Barr analysts say

Tower replacing IAG NZ as Westpac NZ’s general insurance partner ‘strategically important’ in the long-term, Forsyth Barr analysts say

Westpac NZ ends insurance partnership with IAG NZ as bank switches to Tower Insurance which will become its underwriter for general insurance products

Westpac NZ ends insurance partnership with IAG NZ as bank switches to Tower Insurance which will become its underwriter for general insurance products

Insurers would be forced to cover specific customers which could push up prices and make it harder to offer insurance if ‘Woke Banking’ Bill goes ahead, Insurance Council of New Zealand says

Insurers would be forced to cover specific customers which could push up prices and make it harder to offer insurance if ‘Woke Banking’ Bill goes ahead, Insurance Council of New Zealand says

Both Westpac and Kiwibank economists have quickly called for the Reserve Bank to cut the Official Cash Rate by 50 points next month in reaction to the 0.9% drop in GDP; ASB joins in on the call too

Both Westpac and Kiwibank economists have quickly called for the Reserve Bank to cut the Official Cash Rate by 50 points next month in reaction to the 0.9% drop in GDP; ASB joins in on the call too

Annual inflation rises to 2.7% in June as local authority rates and payments, actual rentals for housing and electricity escalate

Annual inflation rises to 2.7% in June as local authority rates and payments, actual rentals for housing and electricity escalate

Consumer prices rose 2.2% in 2024 as high interest rates slowed economic activity and falling import costs eased inflation pressures in New Zealand

Consumer prices rose 2.2% in 2024 as high interest rates slowed economic activity and falling import costs eased inflation pressures in New Zealand

Analysts cite Westpac NZ's pre-provision operating profit growth as key standout in big bank reporting season

Analysts cite Westpac NZ's pre-provision operating profit growth as key standout in big bank reporting season

Reserve Bank’s early rate cut ends three years of tightening, signalling a major policy shift amid worsening economic conditions

Reserve Bank’s early rate cut ends three years of tightening, signalling a major policy shift amid worsening economic conditions

Traders and economists are losing hope that interest rate cuts could occur in the first half of 2024 after discouraging data updates

Traders and economists are losing hope that interest rate cuts could occur in the first half of 2024 after discouraging data updates

Coalition agreement could result in deeper spending cuts, marginally higher interest rates, and more pine trees planted on farmland

Coalition agreement could result in deeper spending cuts, marginally higher interest rates, and more pine trees planted on farmland