OCR

Kiwibank comes back for a second home loan rate hike in the past few days, targeting its two and three year fixed rates

Kiwibank comes back for a second home loan rate hike in the past few days, targeting its two and three year fixed rates

Risk sentiment improved modestly as markets priced some chance of Middle East de‑escalation. Equities are higher and global bond markets retraced part of the recent sell‑off. Brent crude prices oscillated near US$100/bbl. FX moves were subdued

Risk sentiment improved modestly as markets priced some chance of Middle East de‑escalation. Equities are higher and global bond markets retraced part of the recent sell‑off. Brent crude prices oscillated near US$100/bbl. FX moves were subdued

Sharply weaker confidence, employment and GDP growth will drive weakness in the housing market, Westpac economists say

Sharply weaker confidence, employment and GDP growth will drive weakness in the housing market, Westpac economists say

BNZ is back with more home loan rate increase tweaks, and some higher term deposit rates, completing a week of industry-wide rises under pressure from wholesale rate changes

BNZ is back with more home loan rate increase tweaks, and some higher term deposit rates, completing a week of industry-wide rises under pressure from wholesale rate changes

News coming out of the Middle East still seems to be mostly bad. US equities are weaker, US rates are higher and the NZD has fallen. Oil price rising

News coming out of the Middle East still seems to be mostly bad. US equities are weaker, US rates are higher and the NZD has fallen. Oil price rising

The financial markets got the soothing message they were looking for from Reserve Bank Governor Anna Breman - but the longer term picture remains one of ongoing inflation and likely interest rate hikes

The financial markets got the soothing message they were looking for from Reserve Bank Governor Anna Breman - but the longer term picture remains one of ongoing inflation and likely interest rate hikes

Tightening monetary policy in response to a short-lived disruption would only dampen growth without materially improving near-term inflation outcomes, Anna Breman says

Tightening monetary policy in response to a short-lived disruption would only dampen growth without materially improving near-term inflation outcomes, Anna Breman says

ASB is the next major bank to adjust fixed rates and they have been more restrained in their moves than Westpac or ANZ. ASB also reprised a 5% TD rate. Kiwibank follows with their own rate hikes

ASB is the next major bank to adjust fixed rates and they have been more restrained in their moves than Westpac or ANZ. ASB also reprised a 5% TD rate. Kiwibank follows with their own rate hikes

Big turnaround in markets after Trump backs down. Whatever the truth over competing claims, equities bounce back, global rates fall, oil tumbles

Big turnaround in markets after Trump backs down. Whatever the truth over competing claims, equities bounce back, global rates fall, oil tumbles

Westpac economists see 'a better than even chance' that the RBNZ Governor will in her upcoming speech give a preliminary assessment of how the Middle East shock is impacting the RBNZ's assessment of the monetary policy outlook

Westpac economists see 'a better than even chance' that the RBNZ Governor will in her upcoming speech give a preliminary assessment of how the Middle East shock is impacting the RBNZ's assessment of the monetary policy outlook

Apart from the post-pandemic 'normalisation', we seem to be starting an upward phase for fixed home loan rates, one we haven't seen since late 2016

Apart from the post-pandemic 'normalisation', we seem to be starting an upward phase for fixed home loan rates, one we haven't seen since late 2016

Risk sentiment soured Friday night, as investors factored in a more prolonged conflict in the Middle East. US 10-year rate up 13bps; market now factoring in chance of Fed hiking this year. Domestic rates surge, with more upward pressure today

Risk sentiment soured Friday night, as investors factored in a more prolonged conflict in the Middle East. US 10-year rate up 13bps; market now factoring in chance of Fed hiking this year. Domestic rates surge, with more upward pressure today

Reserve Bank top brass to front publicly after April OCR review, and outline thoughts on impact of Middle East conflict

Reserve Bank top brass to front publicly after April OCR review, and outline thoughts on impact of Middle East conflict

Large moves higher in global bond yields led by shorter maturities. Investor risk appetite remains subdued - global equities under pressure. ECB leaves rates unchanged as markets reflect expectations of hikes ahead. Ditto Bank of England

Large moves higher in global bond yields led by shorter maturities. Investor risk appetite remains subdued - global equities under pressure. ECB leaves rates unchanged as markets reflect expectations of hikes ahead. Ditto Bank of England

ANZ staff are reporting that customers are 'wary so far', but not panicking - however, some businesses are saying that the phones have stopped ringing

ANZ staff are reporting that customers are 'wary so far', but not panicking - however, some businesses are saying that the phones have stopped ringing