Ella Somers

With a lone active banking registration application under review, the push for new competition in NZ’s banking sector inches along at a snail’s pace

With a lone active banking registration application under review, the push for new competition in NZ’s banking sector inches along at a snail’s pace

Economists say June quarter labour market data will paint a ‘soft picture’ of the NZ economy as the size of the Middle East ‘cost shock’ remains uncertain

Economists say June quarter labour market data will paint a ‘soft picture’ of the NZ economy as the size of the Middle East ‘cost shock’ remains uncertain

‘A sharp bounce’: Latest ANZ-Roy Morgan NZ Consumer Confidence Survey shows consumer confidence lifted 8 points in July as expectations around the economic outlook improve

‘A sharp bounce’: Latest ANZ-Roy Morgan NZ Consumer Confidence Survey shows consumer confidence lifted 8 points in July as expectations around the economic outlook improve

ANZ’s latest Business Outlook Survey shows business confidence is at ‘historically solid levels’, with businesses signaling renewed hiring and investment optimism

ANZ’s latest Business Outlook Survey shows business confidence is at ‘historically solid levels’, with businesses signaling renewed hiring and investment optimism

KiwiSaver funds under management reach $147.7 billion in June quarter, as smaller competitors continue to ‘nip away’ at the market share of NZ’s big banks

KiwiSaver funds under management reach $147.7 billion in June quarter, as smaller competitors continue to ‘nip away’ at the market share of NZ’s big banks

Annual household living costs rose 3.2% in the June quarter with petrol prices the biggest contributor to the increase, Statistics NZ says

Annual household living costs rose 3.2% in the June quarter with petrol prices the biggest contributor to the increase, Statistics NZ says

SEEK NZ’s June Employment Report shows 10.7% annual rise in job ad volumes, now at their highest point for more than two years

SEEK NZ’s June Employment Report shows 10.7% annual rise in job ad volumes, now at their highest point for more than two years

Mercury NZ secures 12.7% stake worth $53 million in Datagrid NZ’s $3.5 billion Southland AI datacentre project

Mercury NZ secures 12.7% stake worth $53 million in Datagrid NZ’s $3.5 billion Southland AI datacentre project

‘The evil this bill will resolve’: Wise backs Labour bill that wants to end hidden foreign exchange fees on international money transfers

‘The evil this bill will resolve’: Wise backs Labour bill that wants to end hidden foreign exchange fees on international money transfers

NZ First is considering a Crown co-investment election policy for first home buyers that Shane Jones says would give FHBs access to mortgage interest rates ‘cheaper than what the Aussie-owned banks are charging’

NZ First is considering a Crown co-investment election policy for first home buyers that Shane Jones says would give FHBs access to mortgage interest rates ‘cheaper than what the Aussie-owned banks are charging’

Winston Peters says NZ First will campaign on a $1 billion National Subsurface Development Survey at the upcoming election to unlock New Zealand’s ‘Norway-scale’ energy potential

Winston Peters says NZ First will campaign on a $1 billion National Subsurface Development Survey at the upcoming election to unlock New Zealand’s ‘Norway-scale’ energy potential

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