Interest rates
[updated]
Stats NZ says decreased volumes in hardware and vehicle retailing helped drive a fall in total retail sales in the March 2023 quarter
24th May 23, 11:45am
20
Stats NZ says decreased volumes in hardware and vehicle retailing helped drive a fall in total retail sales in the March 2023 quarter
Reserve Bank will be encouraged by the largest drop in inflation expectations since 2020
12th May 23, 4:11pm
31
Reserve Bank will be encouraged by the largest drop in inflation expectations since 2020
Three banks now offer 6% for a one year term deposit. That is the current peak offer point. However it isn't clear that the majors will follow
12th May 23, 5:01am
36
Three banks now offer 6% for a one year term deposit. That is the current peak offer point. However it isn't clear that the majors will follow
Squirrel Mortgages CEO David Cunningham suggests OCR won't go any higher
Reserve Bank of Australia hikes its cash rate after last month's pause, saying inflation is still too high
2nd May 23, 4:41pm
21
Reserve Bank of Australia hikes its cash rate after last month's pause, saying inflation is still too high
New Reserve Bank mortgage figures show homeowners paid close to $4 billion in interest during the March quarter, while total scheduled repayments topped $6 billion for the first time since the RBNZ started publishing this data
1st May 23, 11:12am
16
New Reserve Bank mortgage figures show homeowners paid close to $4 billion in interest during the March quarter, while total scheduled repayments topped $6 billion for the first time since the RBNZ started publishing this data
The RBNZ's Ashley Farquharson details interest rate risk management in the NZ banking system in light of the collapse of Silicon Valley Bank in the US
1st May 23, 10:48am
2
The RBNZ's Ashley Farquharson details interest rate risk management in the NZ banking system in light of the collapse of Silicon Valley Bank in the US
Martin Whetton on how overseas investors view New Zealand government debt
BNZ chief economist Mike Jones thinks the RBNZ has made progress bringing the runaway economy back under control
28th Apr 23, 12:36pm
28
BNZ chief economist Mike Jones thinks the RBNZ has made progress bringing the runaway economy back under control
And then there were two: Two of the major banks are now offering under 6% for three years as anticipation of future OCR cuts drives increased competition in longer-term fixed mortgages
27th Apr 23, 9:14am
43
And then there were two: Two of the major banks are now offering under 6% for three years as anticipation of future OCR cuts drives increased competition in longer-term fixed mortgages
[updated]
RBNZ says the risks to financial stability posed by high-LVR lending have reduced to a level where the current restrictions may be unnecessarily reducing efficiency
26th Apr 23, 9:20am
117
RBNZ says the risks to financial stability posed by high-LVR lending have reduced to a level where the current restrictions may be unnecessarily reducing efficiency
We appear to be making all the same mistakes that led to the previous housing crisis. David Hargreaves says it's not a case of if we have another crisis, but when...
23rd Apr 23, 6:00am
182
We appear to be making all the same mistakes that led to the previous housing crisis. David Hargreaves says it's not a case of if we have another crisis, but when...
Economists disagree on whether the latest Consumers Price Index data is good news or not
21st Apr 23, 7:27am
43
Economists disagree on whether the latest Consumers Price Index data is good news or not
New research for the Reserve Bank has floated the idea of explicitly targeting interest rates against house prices. David Hargreaves says in our housing-obsessed country, surely it is time to consider such an approach
19th Apr 23, 12:08pm
87
New research for the Reserve Bank has floated the idea of explicitly targeting interest rates against house prices. David Hargreaves says in our housing-obsessed country, surely it is time to consider such an approach
[updated]
ASB makes home loan and term deposit changes, but leaves its floating mortgage rate unchanged. The timid changes reflect a timid housing loan market
19th Apr 23, 9:34am
4
ASB makes home loan and term deposit changes, but leaves its floating mortgage rate unchanged. The timid changes reflect a timid housing loan market
Could, or should, the RBNZ cut the interest rate it pays on banks' settlement cash accounts in order to reduce the Government's interest bill?
15th Apr 23, 9:20am
25
Could, or should, the RBNZ cut the interest rate it pays on banks' settlement cash accounts in order to reduce the Government's interest bill?
Term deposit rate increases are starting to filter through although they are limp new offers with banks falling further behind the OCR policy signals
14th Apr 23, 12:50pm
40
Term deposit rate increases are starting to filter through although they are limp new offers with banks falling further behind the OCR policy signals
[updated]
First ANZ and now Westpac have moved up on many home loan rates following the OCR hike - but Westpac has cut some longer fixed rates, and quite hard
13th Apr 23, 4:27pm
35
First ANZ and now Westpac have moved up on many home loan rates following the OCR hike - but Westpac has cut some longer fixed rates, and quite hard
New research for the Reserve Bank says if central banks had mandates to prevent unsustainably high house prices they would likely find interest rate changes more effective than macroprudential tools, such as LVR limits, to achieve this goal
13th Apr 23, 12:16pm
28
New research for the Reserve Bank says if central banks had mandates to prevent unsustainably high house prices they would likely find interest rate changes more effective than macroprudential tools, such as LVR limits, to achieve this goal
How far interest rates will fall when inflation abates will depend on the persistence of public debt, on how climate policies are financed and on the extent of deglobalisation, the IMF says
11th Apr 23, 11:20am
57
How far interest rates will fall when inflation abates will depend on the persistence of public debt, on how climate policies are financed and on the extent of deglobalisation, the IMF says
Big banks' mortgage serviceability test rates now start at 8.5% and rise above 9%
8th Apr 23, 9:15am
82
Big banks' mortgage serviceability test rates now start at 8.5% and rise above 9%
[updated]
Reserve Bank lifts Official Cash Rate 50 basis points to 5.25% saying severe weather events have led to higher prices for some goods & services
5th Apr 23, 2:22pm
272
Reserve Bank lifts Official Cash Rate 50 basis points to 5.25% saying severe weather events have led to higher prices for some goods & services
Reserve Bank of Australia holds cash rate at 3.60%, but suggests further increases may still be needed
4th Apr 23, 4:46pm
28
Reserve Bank of Australia holds cash rate at 3.60%, but suggests further increases may still be needed
NZIER’s quarterly survey shows economic capacity pressures are easing and businesses are more worried about sales than hiring
4th Apr 23, 10:07am
36
NZIER’s quarterly survey shows economic capacity pressures are easing and businesses are more worried about sales than hiring
Reserve Bank expected to keep its inflation fight going despite weaker than expected GDP, cyclone impact & global banking ructions
27th Mar 23, 3:15pm
72
Reserve Bank expected to keep its inflation fight going despite weaker than expected GDP, cyclone impact & global banking ructions