News
Major bank increases some home loan rates for second time in a week
3+ hour, 12+ min ago (751+ words) BNZ has increased some of its home loan rates for the second time in a week. The increases come as most major banks raise their rates, with wholesale interest rates trending higher, driving up what it costs them to borrow…...
More major banks announce changes to mortgage rates
1+ day, 26+ min ago (995+ words) ASB has raised and lowered some of its home loan rates, citing "volatile" wholesale interest rates that continued to trend higher. And Kiwibank has also made changes, meaning all the major banks have adjusted rates over the past week, ASB's…...
How much might prices rise, and when?
2+ day, 23+ hour ago (1489+ words) In some sectors, the effect of the fuel crisis is hard to predict. (Source: istock.com) Rising oil prices are expecting to put pressure on prices across New Zealand. But from food to coffee and petrol to clothes, what are…...
Is the Govt's 'worst-case' inflation scenario not bad enough?
3+ day, 3+ hour ago (681+ words) Speaking to Breakfast, Finance Minister Nicola Willis said she was conscious of the acute cost of living pressures ahead for households in the wake of the Iran war. (Source: Breakfast) Finance Minister Nicola Willis might be being optimistic if she…...
Credit ratings agency downgrades New Zealand's outlook to 'negative"
3+ day, 20+ hour ago (1338+ words) Finance Minister Nicola Willis says a downgrade to New Zealand's outlook is a "reminder" of why fiscal discipline matters. Fitch Ratings shifted the country's outlook on Long-Term Foreign-Currency Issuer Default Rating (IDR) from "stable" to "negative". However, the ratings agency…...
How Iran crisis shows NZ has failed on fuel supplies, EVs and road building
6+ day, 3+ hour ago (1234+ words) Analysis: The war in Iran and the effective closure of the Strait of Hormuz have sent oil prices past US$100 a barrel " and Kiwis flocking to fill up. Petrol just hit NZ$3 a litre and some stations have reported running…...
Australian Reserve Bank warns of economic recession 'we have to have"
6+ day, 17+ hour ago (862+ words) Michele Bullock, governor of the Reserve Bank of Australia at the Australian Financial Review Business Summit in Sydney. (Source: Getty) The Reserve Bank of Australia does not want to send the country into a recession but its options to avoid…...
Interest rates are rising, so what's the best strategy now?
6+ day, 16+ hour ago (850+ words) Banks are moving interest rates higher, but the right term to pick depends a lot on how you think the economy will fare through the rest of this year. By Susan Edmunds of RNZ BNZ on Wednesday increased its 18-month…...
NZ's biggest bank raises most mortgage rates
6+ day, 19+ hour ago (817+ words) ANZ signage (Source: Getty) New Zealand's largest bank has increased most of its fixed-term rates, citing rising wholesale borrowing costs " the third major lender to do so this week. ANZ announced it would raise its 18-month to five-year fixed home…...
Big bank hikes multiple home loan rates, citing increased costs
1+ week, 1+ day ago (658+ words) Westpac has increased its fixed home loan and term deposit rates on terms of one year or longer, citing a "significant" jump in wholesale rates. The changes, effective from tomorrow, will see the bank's special fixed mortgage rates rise by…...