Westpac
More banks raise term deposit rates, some to levels matching those offered five years ago
27th Jun 22, 11:24am
8
More banks raise term deposit rates, some to levels matching those offered five years ago
David Hargreaves thinks surveys might be a more useful indicator of trends ahead than we might sometimes give them credit for - but fears we may 'survey ourselves to death' as a potential recession approaches
25th Jun 22, 9:15am
5
David Hargreaves thinks surveys might be a more useful indicator of trends ahead than we might sometimes give them credit for - but fears we may 'survey ourselves to death' as a potential recession approaches
[updated]
Savers may bemoan low returns on their bank savings, but collectively their conservative actions gift cheap funds to banks. Until those collective reactions change, banks have few reasons to offer more generous rates
21st Jun 22, 11:08am
23
Savers may bemoan low returns on their bank savings, but collectively their conservative actions gift cheap funds to banks. Until those collective reactions change, banks have few reasons to offer more generous rates
Westpac McDermott Miller Confidence survey at lowest level ever as pessimism bites in NZ
21st Jun 22, 9:00am
66
Westpac McDermott Miller Confidence survey at lowest level ever as pessimism bites in NZ
Macquarie analysts highlight the difference between what banks pay retail deposit customers and what private bank customers can obtain via negotiated rates
14th Jun 22, 9:31am
Macquarie analysts highlight the difference between what banks pay retail deposit customers and what private bank customers can obtain via negotiated rates
BNZ raises most of its fixed home loan rates, but rather surprisingly trims its 2-year offer to match Kiwibank and Westpac. It also raised TD rates. HSBC also raised all its fixed mortgage rates
14th Jun 22, 9:15am
13
BNZ raises most of its fixed home loan rates, but rather surprisingly trims its 2-year offer to match Kiwibank and Westpac. It also raised TD rates. HSBC also raised all its fixed mortgage rates
This week's release of March quarter GDP figures is likely to reflect the impact of the surge of Omicron - but the immediate prospects are for a future slowdown in any case
13th Jun 22, 10:16am
15
This week's release of March quarter GDP figures is likely to reflect the impact of the surge of Omicron - but the immediate prospects are for a future slowdown in any case
ANZ's big profit, BNZ's super low cost to income ratio, and milestones for ANZ & ASB's mortgage books features of the big five banks' March quarter
1st Jun 22, 9:18am
1
ANZ's big profit, BNZ's super low cost to income ratio, and milestones for ANZ & ASB's mortgage books features of the big five banks' March quarter
[updated]
The downbeat results from the ANZ Business Outlook survey suggest that the RBNZ may have to rethink its OCR hiking plan, according to BNZ economists
31st May 22, 1:24pm
57
The downbeat results from the ANZ Business Outlook survey suggest that the RBNZ may have to rethink its OCR hiking plan, according to BNZ economists
Deloitte report says Westpac NZ probe shows improvements in the bank's liquidity management after courting the Reserve Bank's wrath last year
31st May 22, 7:50am
1
Deloitte report says Westpac NZ probe shows improvements in the bank's liquidity management after courting the Reserve Bank's wrath last year
RBNZ needs 'to inflict some damage on the labour market' in order to cool inflation, bank economists say
26th May 22, 10:03am
61
RBNZ needs 'to inflict some damage on the labour market' in order to cool inflation, bank economists say
Banks should be looking at providing four-fifths of the funding for the SME Business Growth Fund proposed in the Budget, says a leading SME advocate
24th May 22, 4:06pm
3
Banks should be looking at providing four-fifths of the funding for the SME Business Growth Fund proposed in the Budget, says a leading SME advocate
Gareth Vaughan looks at how and why a risk-off mindset is dominating at NZ's major banks
18th May 22, 1:52pm
1
Gareth Vaughan looks at how and why a risk-off mindset is dominating at NZ's major banks
Economists at Westpac NZ say RBNZ inflation targeting facing the biggest challenge in its 30+ year history
17th May 22, 7:50am
75
Economists at Westpac NZ say RBNZ inflation targeting facing the biggest challenge in its 30+ year history
Influential RBNZ survey shows that even though the central bank has already hiked interest rates to fight inflation, people believe that high inflation is going to be with us for quite some time
12th May 22, 3:21pm
34
Influential RBNZ survey shows that even though the central bank has already hiked interest rates to fight inflation, people believe that high inflation is going to be with us for quite some time
Westpac report picks net migration growth to eventually settle at around half pre-pandemic levels with new home construction likely to remain elevated
11th May 22, 10:44am
41
Westpac report picks net migration growth to eventually settle at around half pre-pandemic levels with new home construction likely to remain elevated
Westpac NZ CEO Catherine McGrath 'pretty happy' with how bank staff are assessing how borrowers can afford their debt
11th May 22, 5:00am
10
Westpac NZ CEO Catherine McGrath 'pretty happy' with how bank staff are assessing how borrowers can afford their debt
Westpac NZ CEO Catherine McGrath says level of engagement and discussion with RBNZ now 'really good' after bank copped serves from the regulator last year
10th May 22, 9:48am
Westpac NZ CEO Catherine McGrath says level of engagement and discussion with RBNZ now 'really good' after bank copped serves from the regulator last year
ANZ NZ CEO says NZ's biggest bank to be ready for new RBNZ outsourcing requirements ahead of schedule, but would've liked to spend the money on customer services
9th May 22, 4:44pm
2
ANZ NZ CEO says NZ's biggest bank to be ready for new RBNZ outsourcing requirements ahead of schedule, but would've liked to spend the money on customer services
[updated]
Westpac NZ interim profit falls 5% with net interest margin down eight basis points
9th May 22, 9:58am
72
Westpac NZ interim profit falls 5% with net interest margin down eight basis points
Westpac increases house price decline forecast to 15% from 10%, says drop could be greater in some regions
6th May 22, 1:12pm
112
Westpac increases house price decline forecast to 15% from 10%, says drop could be greater in some regions
This week's labour market figures are expected to see unemployment drop even further, but arguably more important will be whether wage rates are starting to take off
2nd May 22, 11:20am
39
This week's labour market figures are expected to see unemployment drop even further, but arguably more important will be whether wage rates are starting to take off
Economists are tentatively suggesting the 6.9% annual inflation rate might be somewhere near the peak, but they don't see high prices subsiding any time soon
21st Apr 22, 2:22pm
65
Economists are tentatively suggesting the 6.9% annual inflation rate might be somewhere near the peak, but they don't see high prices subsiding any time soon
ASB economists say short term fixed mortgage rate rises 'still have quite a way to go' this year
19th Apr 22, 2:44pm
42
ASB economists say short term fixed mortgage rate rises 'still have quite a way to go' this year
The forthcoming inflation figures are set to have a '7' in front of them for the first time in over 30 years; the real question is what this does to 'inflation expectations' and how ingrained price rises may become
18th Apr 22, 9:00am
95
The forthcoming inflation figures are set to have a '7' in front of them for the first time in over 30 years; the real question is what this does to 'inflation expectations' and how ingrained price rises may become