7+ hour, 3+ 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…...

11+ hour, 22+ min ago   (613+ words) This week will feature the US Fed's rate decision on Thursday as the key upcoming event. Financial markets are pricing a 75% chance of a +25 bps hike. Economists have the full +25 bps as their central expectation. The reason is clear - inflation…...

3+ day, 9+ hour ago   (645+ words) The current housing market slump may be making it more difficult for existing home owners to move up the property ladder, because it's likely reducing the amount of equity they have to put towards their next home. Interest.co.nz…...

3+ day, 9+ hour ago   (659+ words) The current housing market slump may be making it more difficult for existing home owners to move up the property ladder, because it's likely reducing the amount of equity they have to put towards their next home. Interest.co.nz…...

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…...

5+ day, 11+ hour ago   (568+ words) Here's our summary of key economic events overnight that affect New Zealand, with news inflation is high and rising around the world and central banks are confronting a change in priorities to get it under control. Their slow action is…...

1+ week, 8+ hour ago   (285+ words) Quotable Value (QV) says housing values continued to soften over winter with the market remaining firmly in buyers' favour. According to the QV House Price Index, the national average residential property value declined by 1.9% to $894,977 over the three months to…...

1+ week, 1+ day ago   (665+ words) National is promising that if re-elected, it will widen access to low equity mortgages for first home buyers. National housing spokesperson Chris Bishop says the party will widen access to 5 per cent deposits by extending the income cap under 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…...