A review of things you need to know before you go home on Monday; job worries rise, RBNZ leaves hands in pocket, record equity crowdfunding, Tauranga fast-track, swap rates fall, NZD rises

Here are the key things you need to know before you leave work today.

TODAY'S MORTGAGE RATE CHANGES
Kookmin Bank dropped some fixed rates.

TODAY'S DEPOSIT RATE CHANGES
There are no changes to report today.

JOB WORRIES RISE
Westpac's employment confidence index was noticeably lower in June than March. Westpac said New Zealanders have become less confident about the health of the labour market. The number of workers who reported a pay increase over the past year has fallen sharply. In addition, most workers expect that wage growth will remain weak over the coming year. Workers are also increasingly nervous about their employment prospects.

ONLY TALK?
The Reserve Bank may be trying to talk the NZD down, but it is not putting its money where its mouth is. Data released today shows they bought a tiny $11 mln in May, undoubtedly unrelated to any currency intervention activity. But in a way that is conceptually ironic; the RBNZ buying the NZD will tend to push the value up, and not down.

STARTUP SUPPORT
Equity crowd-funding raised a record $3.3 mln in June as two deals failed, two achieved minimum targets, and three got maximum support.

TAURANGA FAST TRACKING
Two more Special Housing Areas with the potential for 210 new homes in Tauranga were approved today. That adds to the seven announced in February and brings the combined capacity of homes arising from this Housing Accord with the Tauranga City Council to 1,900.

WHOLESALE RATES FALL
Swap rates fell sharply today in the wake of the Greek turmoil, down more at the long end than the short. One year is down -1 bp and 10 years are down -8 bps. The 90 day bank bill rate actually rose +3 bps today to 3.28%

NZ DOLLAR UNCHANGED
The NZ dollar actually rose on the day from where it started and is at 68.5 USc, and 89.5 AUc, and is up sharply vs the euro at 62.2 euro cents. The TWI is now at 72.5. Check our real-time charts here.

You can now see an animation of this chart. Click on it, or click here.