A review of things you need to know before you go home on Tuesday; ANZ to pay 0.1% interest, Harcourts prices up, NSW increases taxes on foreign buyers, non-profit sector shrinks, food prices fall, swaps flatten

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

TODAY'S MORTGAGE RATE CHANGES
No changes to home loans today.

TODAY'S DEPOSIT RATE CHANGES
ANZ added an interest return to its Business Call account today. It now pays 0.10% pa. 

NEW SELLING PRICE RECORD
Harcourts' sales were flat last month but prices set new records in spite of an increase in new listings.

ASB LAUNCHES 'ASB VIRTUAL', BUT WHAT ABOUT SEMBLE?
ASB has unveiled "ASB Virtual," which it says will enable Android smartphone using customers with Visa cards to pay with their phones. Visa trumpeted the announcement as the launch of the first mobile wallet in NZ to use Visa token service technology, with tokenisation replacing the 16 digit card account number with a unique digital identifier (token). ASB still also offers mobile phone payments through PayTag stickers and Semble, although the latter wasn't mentioned in the "other mobile payment options" segment of ASB's blog post.

HIGHER STAMP DUTY ON FOREIGN BUYERS
Foreign buyers of apartments and houses in NSW, Australia, will have to pay a 4% stamp duty surcharge and a 0.75% land tax surcharge from June 21, according to a NSW Government announcement today.

AN ATROPHYING SECTOR
Non-profit organisations contributed 2.7% to GDP. But a significant part of non-profits is that they rely on volunteer labour and that is not counted in GDP. If it was the adjusted overall contribution would rise to 4.4% of GDP. That is not insignificant. But the same data shows that it has fallen from 4.9% nine years earlier. In other words, the non-profit sector is shrinking, and the main reason is that the volunteer labour is the fastest falling component.

FOOD PRICES FALL
Statistics NZ said today that food prices decreased -0.3% in the year to May 2016, influenced by lower grocery food prices which were down -1.8% and meat, poultry, and fish which were down -3.5% pa. This is interesting because yesterday Countdown was skiting that their prices were down -0.9% in the year to May. Clearly Countdown was holding on to more of the benefit than their competitors.

JAPAN NOT IN FAVOUR
Fitch Ratings has today affirmed Japan's Long-Term Foreign- and Local-Currency Issuer Default Ratings at 'A' and revised the Outlooks to Negative.

SWAP RATES FALL FLATTER
Wholesale interest rates fell and flattened yet again today -3 to -5 bps, taking the 2-10 curve to just +50 bps. The 2027 NZGB dropped even more and now yields just 2.50%. (It has a 4.50% coupon.) NZ swap rates are here. The 90-day bank bill rate also slipped -3 bps to 2.37%.

NZ DOLLAR SLIPS TOO
The NZD has seen yesterday's softness extend a tad more today. Is now at 70.3 USc, at 95.2 AUc, and 62.2 euro cents. The TWI-5 is now at 73.7. Check our real-time charts here.

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