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1 week ago | 
interest.co.nz | David Chaston |Gareth Vaughan |David Hargreaves
Economy / news A review of things you need to know before you sign off on Thursday: the flood of retail rate changes continues, CPI at 2.5%, job ad activity limp, Tourism Holdings hammered, swaps stable, gold rises further, NZD firmish, & more 17th Apr 25, 3:59pm by Here are the key things you need to know before you leave work today (or if you work from home, before you shutdown your laptop). MORTGAGE RATE CHANGES ASB led today's home loan rate cuts, but there were also reductions from the...
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1 week ago | 
interest.co.nz | Gareth Vaughan |David Hargreaves |David Chaston
Personal Finance / analysis As term deposit offer rates sink, real after-tax, after-inflation yields are vanishing. Taxpayer guarantees reducing the risk premiums aren't helping.
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1 week ago | 
interest.co.nz | David Chaston |Gareth Vaughan |David Hargreaves
Here's our summary of key economic events overnight that affect New Zealand, with news gold has taken off, hitting yet another new all-time record high as fear stalks markets today and risk is definitely 'off'. But the NZD is rising. As we publish, markets are moving quickly so this snapshot will date just as quickly. But first in the US, mortgage applications fell -8.0% last week from the same week a year ago, with the refinance component down a rather sharp -12% on the same basis.
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1 week ago | 
interest.co.nz | David Chaston |Gareth Vaughan |David Hargreaves
Here are the key things you need to know before you leave work today (or if you work from home, before you shutdown your laptop). MORTGAGE RATE CHANGESLate yesterday, Kiwibank basically matched the ANZ cuts. BNZ did so too today, but dipped their 18 month rate lower to 4.95%, the lowest rate for any term from any bank. Details here. The Cooperative Bank cut all its fixed rates too. As did Westpac. All rates are here. TERM DEPOSIT/SAVINGS RATE CHANGESKiwibank has cut all its term deposit rates.
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1 week ago | 
interest.co.nz | Gareth Vaughan |David Hargreaves |David Chaston
Personal Finance / analysis Home loan rates are being inched lower in response to competitive pressures and uncertain loan demand.
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1 week ago | 
interest.co.nz | David Chaston |Gareth Vaughan |David Hargreaves
Here's our summary of key economic events overnight that affect New Zealand, with news the gears of the global economy are grinding disconcertingly as the unnecessary trade war is prosecuted with little strategy and no apparent viable end game. But first up today, the latest full dairy auction brought an overall rise of +1.6% in USD. However, the fall and fall of the USD has completely undermined this result, with prices in NZD falling -2.1%.
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1 week ago | 
interest.co.nz | David Chaston |Gareth Vaughan |David Hargreaves
Economy / news A review of things you need to know before you sign off on Tuesday; not seeing housing market upturn yet, food prices rise, real-time GDP tool launched, holidays more expensive, swaps stable, NZD rises, & more 15th Apr 25, 3:59pm by Here are the key things you need to know before you leave work today (or if you work from home, before you shutdown your laptop). MORTGAGE RATE CHANGES So far, no other bank has followed ANZ with fixed rate cuts. Details here. All rates are here....
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1 week ago | 
interest.co.nz | Gareth Vaughan |David Hargreaves |David Chaston
Personal Finance / analysis ANZ pushes down term deposit rates, seemingly confident rivals will follow even though the gap with those rivals is unusually wide.
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1 week ago | 
interest.co.nz | David Chaston |Gareth Vaughan |David Hargreaves
Here's our summary of key economic events overnight that affect New Zealand, with news the week started with a strong risk-on mood and equities rose on Monday in Asia, and especially in Europe. Wall Street opened with the same vibe, but lost momentum in the middle sessions, although it is returning in the later session. It's volatile. But first in main street US, the New York Fed's consumer expectations survey mirrored the other recent sentiment surveys, noting a defensive turn in the mood.
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1 week ago | 
interest.co.nz | Gareth Vaughan |David Hargreaves |David Chaston
Personal Finance / analysis The next round of retail interest rate cuts have started, and it is savers who will be paying for the reductions in home loan rates.
