Westpac
[updated]
Auckland storm flooding could delay construction projects by months, keep construction inflation high
31st Jan 23, 12:15pm
46
Auckland storm flooding could delay construction projects by months, keep construction inflation high
Bank economists are now suggesting the Reserve Bank should dial back its intentions on how far and high the Official Cash Rate will go
25th Jan 23, 4:12pm
55
Bank economists are now suggesting the Reserve Bank should dial back its intentions on how far and high the Official Cash Rate will go
[updated]
Stats NZ says the seasonally adjusted spending fall in December was the first for nine months and was a 'large' fall for a December month; economists say consumers have taken on board Reserve Bank warnings about spending
18th Jan 23, 11:00am
57
Stats NZ says the seasonally adjusted spending fall in December was the first for nine months and was a 'large' fall for a December month; economists say consumers have taken on board Reserve Bank warnings about spending
[updated]
REINZ says December's sales plummeted nationally to the lowest in years at 4,336; national median price slipped over 12% for the year. In Auckland the fall was 18%. In Wellington 20%. House prices now down around 15% from November 2021 peak
18th Jan 23, 9:00am
251
REINZ says December's sales plummeted nationally to the lowest in years at 4,336; national median price slipped over 12% for the year. In Auckland the fall was 18%. In Wellington 20%. House prices now down around 15% from November 2021 peak
[updated]
Statistics New Zealand reports that the country's deficit between what we received for exports and what we spent on imports was a record $29.7 billion in the year to September
14th Dec 22, 11:07am
78
Statistics New Zealand reports that the country's deficit between what we received for exports and what we spent on imports was a record $29.7 billion in the year to September
Kiwibank raises fixed home loan rates, adding impetus to key mortgage rates rising to 11-year highs. But no bank has yet followed wholesale rates into an inversion
9th Dec 22, 12:21pm
12
Kiwibank raises fixed home loan rates, adding impetus to key mortgage rates rising to 11-year highs. But no bank has yet followed wholesale rates into an inversion
Residential and commercial construction activity is still at record levels with no sign of a downturn yet
6th Dec 22, 2:50pm
12
Residential and commercial construction activity is still at record levels with no sign of a downturn yet
BNZ chooses a lower rate track for its floating and fixed rate offers following last week's 75 basis points RBNZ OCR hike
6th Dec 22, 9:38am
8
BNZ chooses a lower rate track for its floating and fixed rate offers following last week's 75 basis points RBNZ OCR hike
[updated]
Curtain falling on Reserve Bank's Funding for Lending Programme which has continued providing economic stimulus as the OCR has been hiked 400 basis points
6th Dec 22, 7:00am
59
Curtain falling on Reserve Bank's Funding for Lending Programme which has continued providing economic stimulus as the OCR has been hiked 400 basis points
Westpac joins other banks in reducing credit card rewards as regulation of revenue banks receive from interchange fees kicks-in
5th Dec 22, 12:02pm
15
Westpac joins other banks in reducing credit card rewards as regulation of revenue banks receive from interchange fees kicks-in
[updated]
Mixed in with ANZ's floating mortgage rate & term deposit rate hikes, are chunky fixed mortgage rate hikes too. But wholesale rates influential for fixed home loan rates are falling. Opportunities for borrowers are opening up
30th Nov 22, 12:13pm
90
Mixed in with ANZ's floating mortgage rate & term deposit rate hikes, are chunky fixed mortgage rate hikes too. But wholesale rates influential for fixed home loan rates are falling. Opportunities for borrowers are opening up
The Aussie parents of NZ's big four banks have billions of reasons to cheer the removal of RBNZ dividend restrictions
30th Nov 22, 5:00am
16
The Aussie parents of NZ's big four banks have billions of reasons to cheer the removal of RBNZ dividend restrictions
Lincoln University releases information about the way climate change may affect farming locations and type of production, and how farmers can respond, in a Westpac-supported report
29th Nov 22, 5:00am
27
Lincoln University releases information about the way climate change may affect farming locations and type of production, and how farmers can respond, in a Westpac-supported report
Westpac NZ's Michael Gordon expecting OCR cuts from early 2024 given RBNZ forecast for GFC-style downturn
24th Nov 22, 9:27am
100
Westpac NZ's Michael Gordon expecting OCR cuts from early 2024 given RBNZ forecast for GFC-style downturn
Citi analysts argue Australasia's big 4 banks have significantly more loan provisioning than required
22nd Nov 22, 9:32am
4
Citi analysts argue Australasia's big 4 banks have significantly more loan provisioning than required
In the last of a series of articles on bank fees, Matt Skinner looks at personal borrowing fees the major banks charge
17th Nov 22, 3:31pm
1
In the last of a series of articles on bank fees, Matt Skinner looks at personal borrowing fees the major banks charge
In the fourth of a series of articles on bank fees, Matt Skinner looks at the mortgage fees the major banks charge
16th Nov 22, 10:12am
8
In the fourth of a series of articles on bank fees, Matt Skinner looks at the mortgage fees the major banks charge
In the third of a series of articles on bank fees, Matt Skinner looks at international service fees the major banks charge
14th Nov 22, 3:33pm
1
In the third of a series of articles on bank fees, Matt Skinner looks at international service fees the major banks charge
It will take a 'concerted effort' to squash wage-price spiral dynamics 'that are becoming ever more established' in New Zealand, ANZ economists say
14th Nov 22, 10:31am
28
It will take a 'concerted effort' to squash wage-price spiral dynamics 'that are becoming ever more established' in New Zealand, ANZ economists say
Do banks really make too much profit? And what would we gain if they made less? What would we lose?
12th Nov 22, 8:53am
26
Do banks really make too much profit? And what would we gain if they made less? What would we lose?
Influential RBNZ survey shows considerable rise in expectations of inflation in two years time, with a rate of 3.62%, and even the much longer-term expectations for five years and 10 years have risen above the RBNZ's explicit 2% target
8th Nov 22, 3:23pm
101
Influential RBNZ survey shows considerable rise in expectations of inflation in two years time, with a rate of 3.62%, and even the much longer-term expectations for five years and 10 years have risen above the RBNZ's explicit 2% target
In the second of a series of articles on bank fees, Matt Skinner looks at credit card fees the major banks charge
8th Nov 22, 10:12am
1
In the second of a series of articles on bank fees, Matt Skinner looks at credit card fees the major banks charge
Westpac NZ's RBNZ-imposed extra liquidity requirement halved after progress since breach of regulator's liquidity policy
8th Nov 22, 7:43am
Westpac NZ's RBNZ-imposed extra liquidity requirement halved after progress since breach of regulator's liquidity policy
PM says banks not demonstrating 'social license' by repeatedly making very high profits, but does not have policy options; instead says banks 'should take a long hard look at themselves'
7th Nov 22, 6:11pm
74
PM says banks not demonstrating 'social license' by repeatedly making very high profits, but does not have policy options; instead says banks 'should take a long hard look at themselves'
[updated]
Westpac NZ annual profit tops $1 billion helped by gain from sale of Westpac Life & impairment write-backs
7th Nov 22, 10:25am
72
Westpac NZ annual profit tops $1 billion helped by gain from sale of Westpac Life & impairment write-backs