Interest rates
A major bank offers 6% for a term deposit, as ANZ raises some key rates and adopts that rate for an 18-month term
22nd Aug 23, 7:04pm
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A major bank offers 6% for a term deposit, as ANZ raises some key rates and adopts that rate for an 18-month term
ASB opened the door, and the first to walk through it is ANZ with an even steeper set of fixed home loan rate increases
22nd Aug 23, 7:04pm
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ASB opened the door, and the first to walk through it is ANZ with an even steeper set of fixed home loan rate increases
If the economy develops as expected, with very weak economic activity and falling inflation, then 'we should start talking more about rate cuts as we head into next year', Kiwibank economists say
22nd Aug 23, 11:34am
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If the economy develops as expected, with very weak economic activity and falling inflation, then 'we should start talking more about rate cuts as we head into next year', Kiwibank economists say
Westpac economists say if the RBNZ's judgement is wrong, then New Zealand could be facing a protracted period of strong domestic inflation pressures
21st Aug 23, 2:23pm
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Westpac economists say if the RBNZ's judgement is wrong, then New Zealand could be facing a protracted period of strong domestic inflation pressures
Reserve Bank Assistant Governor Karen Silk says the Official Cash Rate is working despite sticky core inflation and record high employment
21st Aug 23, 9:41am
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Reserve Bank Assistant Governor Karen Silk says the Official Cash Rate is working despite sticky core inflation and record high employment
ASB heeds their owner's boss, raising home loan rates in unseasonal drive to protect profits. But SBS Bank strikes with a very competitive sub-6% three year rate
21st Aug 23, 9:02am
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ASB heeds their owner's boss, raising home loan rates in unseasonal drive to protect profits. But SBS Bank strikes with a very competitive sub-6% three year rate
RBNZ Governor Adrian Orr expects to serve out his five-year term despite polls pointing to a change in government
17th Aug 23, 5:03pm
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RBNZ Governor Adrian Orr expects to serve out his five-year term despite polls pointing to a change in government
Japan has gone its own way on fighting inflation so Michael Mouat asks if NZ can learn from a global outlier
17th Aug 23, 4:05pm
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Japan has gone its own way on fighting inflation so Michael Mouat asks if NZ can learn from a global outlier
The Reserve Bank could lift the Official Cash Rate one more time early in 2024
17th Aug 23, 5:00am
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The Reserve Bank could lift the Official Cash Rate one more time early in 2024
Westpac steps out of line with a 10 basis points cut to its 2-year fixed home loan rate. Although not a large drop, it is the first non-trivial reduction in a main bank 2-year rate for six months
14th Aug 23, 12:35pm
6
Westpac steps out of line with a 10 basis points cut to its 2-year fixed home loan rate. Although not a large drop, it is the first non-trivial reduction in a main bank 2-year rate for six months
Alexander Douglas weighs up the idea of permanently setting interest rates at zero
14th Aug 23, 10:17am
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Alexander Douglas weighs up the idea of permanently setting interest rates at zero
Commerce Commission's preliminary issues paper for its banking market study suggests evolutionary rather than revolutionary change
11th Aug 23, 10:41am
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Commerce Commission's preliminary issues paper for its banking market study suggests evolutionary rather than revolutionary change
[updated]
Influential RBNZ survey shows a slight rise in the expected level of inflation in two years time
9th Aug 23, 3:22pm
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Influential RBNZ survey shows a slight rise in the expected level of inflation in two years time
A new paper by Treasury, the Reserve Bank, and the Ministry of Housing says housing supply and wage inflation are the two biggest factors in setting rental prices
7th Aug 23, 2:55pm
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A new paper by Treasury, the Reserve Bank, and the Ministry of Housing says housing supply and wage inflation are the two biggest factors in setting rental prices
Economists at Westpac and ANZ still see the combination of economic resilience and 'sticky' inflation as forcing the Reserve Bank to raise the Official Cash Rate again
7th Aug 23, 1:33pm
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Economists at Westpac and ANZ still see the combination of economic resilience and 'sticky' inflation as forcing the Reserve Bank to raise the Official Cash Rate again
The Reserve Bank is now set fair to 'watch, worry and wait' its way through the election
3rd Aug 23, 8:30am
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The Reserve Bank is now set fair to 'watch, worry and wait' its way through the election
David Hargreaves examines financial statistics for the first six months of the year showing money being 'sucked out' of consumers' pockets both through higher mortgage and deposit rates
2nd Aug 23, 9:11am
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David Hargreaves examines financial statistics for the first six months of the year showing money being 'sucked out' of consumers' pockets both through higher mortgage and deposit rates
Reserve Bank of Australia leaves cash rate unchanged, wants more time to assess the impact of its previous increases
1st Aug 23, 4:36pm
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Reserve Bank of Australia leaves cash rate unchanged, wants more time to assess the impact of its previous increases
Latest Reserve Bank figures show the total of officially 'impaired' housing loans has now surpassed the peak of the sharp, but brief rise during the pandemic in 2020
1st Aug 23, 1:44pm
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Latest Reserve Bank figures show the total of officially 'impaired' housing loans has now surpassed the peak of the sharp, but brief rise during the pandemic in 2020
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
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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
Inflation still has a long way to fall but a 'soft landing' remains possible
[updated]
Higher interest rate offers are motivating savers into term deposits at a faster rate. And the trend may speed up if the big banks crack the 6% mark
27th Jul 23, 1:48pm
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Higher interest rate offers are motivating savers into term deposits at a faster rate. And the trend may speed up if the big banks crack the 6% mark
As with mortgage rates, short-term deposit rates are higher than five-year deposit rates for the first time since the Global Financial Crisis
27th Jul 23, 12:32pm
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As with mortgage rates, short-term deposit rates are higher than five-year deposit rates for the first time since the Global Financial Crisis
Chapman Tripp lawyers probe why & how BKBM, NZ’s primary wholesale floating interest rate benchmark, might be changed
26th Jul 23, 8:39am
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Chapman Tripp lawyers probe why & how BKBM, NZ’s primary wholesale floating interest rate benchmark, might be changed
ANZ Group Chief Economist Richard Yetsenga sees progress in the inflation war, but climate challenges ahead
15th Jul 23, 9:21am
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ANZ Group Chief Economist Richard Yetsenga sees progress in the inflation war, but climate challenges ahead