7+ hour, 15+ min ago   (628+ words) Despite the Reserve Bank wanting them to, banks are not raising their term deposit rates. At least, not significantly. On Monday Kiwibank raised its six month and one year rates by five basis points (bps). Tiny occasional shifts are the…...

1+ day, 5+ hour ago   (446+ words) The reason can be found in China’s trade data for August, which shows a whopping 25% year-on-year rise in exports, up from the 23.9% increase recorded in July. Despite similarly strong import growth (from a smaller base), China has delivered another huge…...

5+ day, 8+ hour ago   (609+ words) The Nelson Building Society becoming the first non-bank deposit taker to gain access to the Reserve Bank's Exchange Settlement Account System (ESAS) will improve its competitive position against banks, and bolster treasury management options, chief executive Gina Dellabarca says. The…...

6+ day, 9+ hour ago   (526+ words) Bank shareholders have at least $70 billion invested in their businesses. Overall they currently earn a 10% return, or $7 bln after tax profit per year across them all. But there is wide variation between institutions. And returns have been atrophying over the…...

1+ week, 1+ day ago   (985+ words) Reserve Bank (RBNZ) Assistant Governor Karen Silk says an Official Cash Rate increase should see deposit rates increase as well as floating mortgage rates, but they're not moving at the same pace. "We’re definitely not seeing the same level of…...

1+ week, 2+ day ago   (1762+ words) Against the backdrop of a soft housing market, banks' low equity housing lending is surging, both as a percentage of overall new lending, and within the big five home lenders' individual loan books. Figures from the major banks latest general…...

1+ week, 4+ day ago   (194+ words) Since the beginning of 2025 the Reserve Bank (RBNZ) has changed the Official Cash Rate (OCR) eight times, with six decreases and two increases. These have cut the OCR by 150 basis points (bps) overall. But the main banks haven't always passed…...

1+ week, 4+ day ago   (427+ words) Term deposit rates are heading in a direction savers haven't seen for some time, and anyone with cash savings or nearing the end of a term is naturally going to notice a better number on the next offer. It's also…...

1+ week, 4+ day ago   (1299+ words) The Governor of the Reserve Bank (RBNZ) has hinted more strongly at a possible pause when the Official Cash Rate (OCR) is next reviewed in October. This comes after the RBNZ released its September Monetary Policy Statement on Wednesday, with…...

1+ week, 5+ day ago   (321+ words) The September 2, 2026 RBNZ rate hike from 2.50% to 2.75% is now starting to be passed on by the retail banks. The first to move is ANZ, the country's largest home loan lender. Now the first bank has moved, and the full increase…...