Financial Stability
Latest RBNZ lending figures show the total stock of mortgage borrowing has hit $350 billion for the first time, while the nearly $1.2 billion growth in the 'mortgage pile' last month was the most since November last year
31st Jul 23, 3:59pm
31
Latest RBNZ lending figures show the total stock of mortgage borrowing has hit $350 billion for the first time, while the nearly $1.2 billion growth in the 'mortgage pile' last month was the most since November last year
Central banks may keep interest rates higher for longer than currently priced; given investors’ benign inflation outlook and growing expectations for a soft landing, this could increase financial stability risks and weigh on growth
29th Jul 23, 9:35am
Central banks may keep interest rates higher for longer than currently priced; given investors’ benign inflation outlook and growing expectations for a soft landing, this could increase financial stability risks and weigh on growth
The banks will be hoping this is a year of 'two halves' for new mortgage activity after a start to the year that was the slowest in at least nine years
27th Jul 23, 9:08am
31
The banks will be hoping this is a year of 'two halves' for new mortgage activity after a start to the year that was the slowest in at least nine years
Reserve Bank figures show on a seasonally adjusted basis there may be slight signs of life in the mortgage market; meanwhile the quarterly mortgage interest bill just crashed through $4 billion for the first time
26th Jul 23, 3:41pm
45
Reserve Bank figures show on a seasonally adjusted basis there may be slight signs of life in the mortgage market; meanwhile the quarterly mortgage interest bill just crashed through $4 billion for the first time
Isabella Weber urges policymakers to match their improved understanding of the problem of profit-led inflation with more appropriate policies
15th Jul 23, 9:30am
12
Isabella Weber urges policymakers to match their improved understanding of the problem of profit-led inflation with more appropriate policies
Latest Reserve Bank figures show non-performing housing loans rose nearly 12% in May, climbing to levels last seen around eight years ago
3rd Jul 23, 1:40pm
62
Latest Reserve Bank figures show non-performing housing loans rose nearly 12% in May, climbing to levels last seen around eight years ago
David Hargreaves tries to put some context around why first home buyers are getting a record share of the mortgage market even as house prices have been falling
30th Jun 23, 9:22am
221
David Hargreaves tries to put some context around why first home buyers are getting a record share of the mortgage market even as house prices have been falling
Reserve Bank figures show no sign yet of any upturn in the mortgage market, with May recording a drop in the amount borrowed compared with the previous month on a seasonally adjusted basis
27th Jun 23, 3:39pm
50
Reserve Bank figures show no sign yet of any upturn in the mortgage market, with May recording a drop in the amount borrowed compared with the previous month on a seasonally adjusted basis
Agustín Carstens argues policymakers must be realistic about what they can achieve against a backdrop of high inflation and financial instability
26th Jun 23, 10:06am
4
Agustín Carstens argues policymakers must be realistic about what they can achieve against a backdrop of high inflation and financial instability
Kiwibank economists say all three key drivers of the housing market point to a stronger market and house price gains; Westpac economists say housing market one of the key things they will be watching
19th Jun 23, 1:53pm
157
Kiwibank economists say all three key drivers of the housing market point to a stronger market and house price gains; Westpac economists say housing market one of the key things they will be watching
BNZ economists say if they are right about the housing market having bottomed then prices will be levelling out around 20% above pre-pandemic levels
7th Jun 23, 10:51am
108
BNZ economists say if they are right about the housing market having bottomed then prices will be levelling out around 20% above pre-pandemic levels
Latest RBNZ lending figures show the total stock of mortgage borrowing grew by 3.2% over the past 12 months, which is the slowest rate of annual growth since late 2012
31st May 23, 3:55pm
12
Latest RBNZ lending figures show the total stock of mortgage borrowing grew by 3.2% over the past 12 months, which is the slowest rate of annual growth since late 2012
James Breiding thinks the United States could learn a valuable lesson from a policy Switzerland put in place in 2003
30th May 23, 4:22pm
6
James Breiding thinks the United States could learn a valuable lesson from a policy Switzerland put in place in 2003
Raghuram Rajan shows why monetary policymakers must bear some of the blame for the latest US and EU banking-sector turmoil
28th May 23, 3:16pm
1
Raghuram Rajan shows why monetary policymakers must bear some of the blame for the latest US and EU banking-sector turmoil
Banks to be allowed to do a bit more high LVR lending from June 1, RBNZ says
Reserve Bank figures show the near-moribund mortgage market is being propped up by first-timers as April lending figures continue to reflect the sagging house prices
25th May 23, 12:08pm
89
Reserve Bank figures show the near-moribund mortgage market is being propped up by first-timers as April lending figures continue to reflect the sagging house prices
The Reserve Bank is now indicating it thinks the falls in house prices will slow during this year and will be about finished by the start of next year
24th May 23, 4:11pm
44
The Reserve Bank is now indicating it thinks the falls in house prices will slow during this year and will be about finished by the start of next year
Benje Patterson argues banks’ narrow focus on short-term profitability has set some households up to fail
24th May 23, 10:00am
91
Benje Patterson argues banks’ narrow focus on short-term profitability has set some households up to fail
Latest RBNZ figures show NZ's new mortgage borrowers stretching themselves much less than has been seen in recent years in regards to the amount of debt they're taking on relative to income
19th May 23, 7:44am
131
Latest RBNZ figures show NZ's new mortgage borrowers stretching themselves much less than has been seen in recent years in regards to the amount of debt they're taking on relative to income
Digital bank runs: social media played a role in recent financial failures but could also help investors avoid panic
16th May 23, 9:27am
14
Digital bank runs: social media played a role in recent financial failures but could also help investors avoid panic
Surging inbound migration seen adding demand to the New Zealand economy, with Westpac economists now forecasting a net gain of 100,000 migrants this year
16th May 23, 5:00am
148
Surging inbound migration seen adding demand to the New Zealand economy, with Westpac economists now forecasting a net gain of 100,000 migrants this year
ANZ economists say latest sales figures are consistent with a housing market that's nearing a turn, while the increased demand for housing from migration is likely to put upward pressure on prices
15th May 23, 10:55am
87
ANZ economists say latest sales figures are consistent with a housing market that's nearing a turn, while the increased demand for housing from migration is likely to put upward pressure on prices
David Hargreaves looks at some issues that need tackling ahead of the next housing boom, because yes, there will be another
12th May 23, 5:00am
140
David Hargreaves looks at some issues that need tackling ahead of the next housing boom, because yes, there will be another
Reserve Bank concedes that about 25% of outstanding mortgages were stress-tested by banks at lower interest rates than prevail now
4th May 23, 11:54am
105
Reserve Bank concedes that about 25% of outstanding mortgages were stress-tested by banks at lower interest rates than prevail now
The Reserve Bank is easing its lending restrictions as it believes house prices are close to sustainable levels
4th May 23, 7:36am
48
The Reserve Bank is easing its lending restrictions as it believes house prices are close to sustainable levels