Ella Somers

Electronic card spending took a dive in June, with Westpac expecting retail spending levels to rise ‘only gradually’ in the coming months

Electronic card spending took a dive in June, with Westpac expecting retail spending levels to rise ‘only gradually’ in the coming months

NZIER says QSBO shows the ‘fragile’ economic recovery in June quarter was helped by easing oil crisis, but warns that geopolitical uncertainty and November election will weigh on firms over the coming months

NZIER says QSBO shows the ‘fragile’ economic recovery in June quarter was helped by easing oil crisis, but warns that geopolitical uncertainty and November election will weigh on firms over the coming months

Despite the first Official Cash Rate increase in three years, ANZ NZ, ASB, BNZ and Kiwibank have left their mortgage serviceability test rates unchanged

Despite the first Official Cash Rate increase in three years, ANZ NZ, ASB, BNZ and Kiwibank have left their mortgage serviceability test rates unchanged

After miscalculating the initial public consultation timeframe by a day, the Toi Foundation says it will reopen community consultation on $620m TSB-Heartland deal

After miscalculating the initial public consultation timeframe by a day, the Toi Foundation says it will reopen community consultation on $620m TSB-Heartland deal

Reserve Bank’s first Official Cash Rate hike in three years divides bank economists, but all agree more increases are coming before the year is out

Reserve Bank’s first Official Cash Rate hike in three years divides bank economists, but all agree more increases are coming before the year is out

RBNZ raises Official Cash Rate 25 basis points to 2.50% with external and internal Monetary Policy Committee members reaching consensus

RBNZ raises Official Cash Rate 25 basis points to 2.50% with external and internal Monetary Policy Committee members reaching consensus

‘Line-ball call’: NZIER’s ‘shadow board’ split over whether Reserve Bank should hold or hike OCR this Wednesday

‘Line-ball call’: NZIER’s ‘shadow board’ split over whether Reserve Bank should hold or hike OCR this Wednesday

Bank economists divided on whether the Reserve Bank will increase the Official Cash Rate on July 8 after May's close call

Bank economists divided on whether the Reserve Bank will increase the Official Cash Rate on July 8 after May's close call

As Revolut continues to pursue New Zealand banking registration, its NZ boss highlights 'untapped' business lending market as a potential future opportunity

As Revolut continues to pursue New Zealand banking registration, its NZ boss highlights 'untapped' business lending market as a potential future opportunity

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