Ella Somers

ASB changes tack on the Reserve Bank's Official Cash Rate outlook, now expects July OCR pause as US-Iran Memorandum of Understanding cools oil prices

ASB changes tack on the Reserve Bank's Official Cash Rate outlook, now expects July OCR pause as US-Iran Memorandum of Understanding cools oil prices

Following a split Official Cash Rate vote in May, UBS anticipates a more allied voting stance in the Reserve Bank’s July Monetary Policy Review. Westpac sees 2 hikes this year

Following a split Official Cash Rate vote in May, UBS anticipates a more allied voting stance in the Reserve Bank’s July Monetary Policy Review. Westpac sees 2 hikes this year

‘Rein in their animal spirits’: Green Party’s proposed 0.06% bank levy may spark industry competition, but the big four Australian-owned banks could also slap the bill onto depositors

‘Rein in their animal spirits’: Green Party’s proposed 0.06% bank levy may spark industry competition, but the big four Australian-owned banks could also slap the bill onto depositors

Westpac-McDermott Miller Employment Confidence Index reports lowest confidence reading since the survey began in 2004

Westpac-McDermott Miller Employment Confidence Index reports lowest confidence reading since the survey began in 2004

Fintech Revolut launches business platform for New Zealand SMEs aiming for 'north of 50,000' business customers over the next five years

Fintech Revolut launches business platform for New Zealand SMEs aiming for 'north of 50,000' business customers over the next five years

Latest BNZ/Seek Employment Report says hiring caution remains, but the South Island is leading the pack when it comes to annual job ad growth while Auckland and Wellington lag

Latest BNZ/Seek Employment Report says hiring caution remains, but the South Island is leading the pack when it comes to annual job ad growth while Auckland and Wellington lag

Reserve Bank enters final stretch of Deposit Takers Act rollout via the release of two consultations on crisis-readiness and draft standards exposure

Reserve Bank enters final stretch of Deposit Takers Act rollout via the release of two consultations on crisis-readiness and draft standards exposure

Department of Internal Affairs issues public AML warnings to six law firms, a real estate agency, a non-bank non-deposit-taking lender, an accounting service provider and a payment provider over failing to complete required independent audits

Department of Internal Affairs issues public AML warnings to six law firms, a real estate agency, a non-bank non-deposit-taking lender, an accounting service provider and a payment provider over failing to complete required independent audits

Westpac-McDermott Miller Consumer Confidence Index shows consumer confidence in the June quarter dropped to the lowest level since 2023 due to the Middle East conflict, fuel and living costs

Westpac-McDermott Miller Consumer Confidence Index shows consumer confidence in the June quarter dropped to the lowest level since 2023 due to the Middle East conflict, fuel and living costs

‘It’s more than just that label on the door’: A building society and a credit union weigh up the pros and cons of rebranding as ‘banks’ from 2028

‘It’s more than just that label on the door’: A building society and a credit union weigh up the pros and cons of rebranding as ‘banks’ from 2028

NZIER's latest consensus forecasts show sluggish GDP growth as geopolitical conflict, fuel prices and election uncertainty put the brakes on the economy

NZIER's latest consensus forecasts show sluggish GDP growth as geopolitical conflict, fuel prices and election uncertainty put the brakes on the economy

Economists expect March quarter GDP to top 1% with the effects of the Middle East conflict and global fuel crisis are likely to hit harder in GDP releases later this year

Economists expect March quarter GDP to top 1% with the effects of the Middle East conflict and global fuel crisis are likely to hit harder in GDP releases later this year

The BNZ-BusinessNZ Performance of Manufacturing Index fell into the red in May, recording the lowest reading the index has reported in almost a year

The BNZ-BusinessNZ Performance of Manufacturing Index fell into the red in May, recording the lowest reading the index has reported in almost a year

ANZ Truckometer data points to softening economic momentum with light and heavy traffic falls in May, ahead of next week’s GDP release

ANZ Truckometer data points to softening economic momentum with light and heavy traffic falls in May, ahead of next week’s GDP release

Energy Minister Simeon Brown places the cost of planned LNG import facility on power companies, with the Government backing down from electricity levy on consumers

Energy Minister Simeon Brown places the cost of planned LNG import facility on power companies, with the Government backing down from electricity levy on consumers

Responsibility for keeping the lights on to 'sit squarely with the electricity sector,' Energy Minister Simeon Brown says, with plans for LNG import terminal pushing forward, albeit it won't be funded by a levy on power bills

Responsibility for keeping the lights on to 'sit squarely with the electricity sector,' Energy Minister Simeon Brown says, with plans for LNG import terminal pushing forward, albeit it won't be funded by a levy on power bills

Latest Reserve Bank figures show new lending dropped 6% to $14.2 billion in April from March, but rose 16% from $12.3 billion in April 2025

Latest Reserve Bank figures show new lending dropped 6% to $14.2 billion in April from March, but rose 16% from $12.3 billion in April 2025

ANZ card spending rose 1.8% in May month-on-month, and 4.8% compared to May 2025, with the bank’s chief economist citing a 'strong' spending lift

ANZ card spending rose 1.8% in May month-on-month, and 4.8% compared to May 2025, with the bank’s chief economist citing a 'strong' spending lift

Plans to limit interchange fees for Mastercard and Visa commercial credit cards outlined in Commerce Commission draft decision

Plans to limit interchange fees for Mastercard and Visa commercial credit cards outlined in Commerce Commission draft decision

Forsyth Barr analysts see integration of technology systems and TSB’s low lending and earnings growth as potential risks to a successful merger with Heartland

Forsyth Barr analysts see integration of technology systems and TSB’s low lending and earnings growth as potential risks to a successful merger with Heartland

DairyNZ says the 2024/25 dairy season one of the strongest financial years recorded for NZ dairy farmers, but 2026/27 season will bring a ‘cost shock’

DairyNZ says the 2024/25 dairy season one of the strongest financial years recorded for NZ dairy farmers, but 2026/27 season will bring a ‘cost shock’

Credit bureau Centrix says over 134,000 homeowners now have mortgages exceeding $1 million

Credit bureau Centrix says over 134,000 homeowners now have mortgages exceeding $1 million

Heartland Group CEO says not yet decided which technology platform a combined Heartland-TSB would use, acknowledges cultural differences but doesn't expect major problems

Heartland Group CEO says not yet decided which technology platform a combined Heartland-TSB would use, acknowledges cultural differences but doesn't expect major problems

Prime Minister Christopher Luxon says NZ Super will be an issue that successive governments of all ‘different colours or flavours’ will have to grapple with in the future

Prime Minister Christopher Luxon says NZ Super will be an issue that successive governments of all ‘different colours or flavours’ will have to grapple with in the future

RBNZ Governor Anna Breman says public sector job cuts weren't ‘formally’ included in its latest labour market outlook and the central bank is waiting to see what the 2026 Budget contains to build a bigger picture

RBNZ Governor Anna Breman says public sector job cuts weren't ‘formally’ included in its latest labour market outlook and the central bank is waiting to see what the 2026 Budget contains to build a bigger picture