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
No changes to report today. Update: ANZ has cut most of its key fixed rates to levels below its main rivals. More here. All rates are here.

TERM DEPOSIT/SAVINGS RATE CHANGES
Kiwibank added +20 bps to its six month TD rate taking it to 4.10%. The Police Credit Union cut all its term deposit rates, and its savings rates, including its bonus saver rates. Update: ANZ has but most of its term deposit rates. All updated term deposit rates less than 1 year are here, for 1-5 years, they are here.

TURNING SLIGHTLY HIGHER
Infometrics monitoring of Foodstuffs costs from suppliers shows they rose in July to be +2.2% higher than a year ago. They noted a “slightly faster” pace of increase in the last few months, “reflecting a number of key products seeing larger cost increases due to higher global food prices, like for dairy, meat, and chocolate products”. That is up from +1.8% in February. In June 2025 these costs rose 2.1% and in July 2024 they were up +2.4%.

RIGHT WAY, LEFT WAY
Recent trends in political polling isn’t positive for the current government.

NZX50 SARTS WEEK ON POSITIVE NOTE
As at 3pm, the overall NZX50 index is up +0.6% so far today. And it is up +1.9% over the past five days but down -1.0% year-to-date. It is sitting +5.2% higher year-on-year. Today market heavyweight F&P Healthcare is up +1.1%. Infratil, Vector, Oceania, and Fletcher all lift while Briscoes, Tourism Holdings, Serko, and Hallensteins all decline.

A SEVEN YEAR UPDATE
Deer farmers are getting a new Code of Welfare for deer, released today and coming into effect on September 8, 2025

MORE TEMP VISAS
Two new seasonal workforce visas are being added under the Accredited Employer Work Visa (AEWV) framework. The Global Workforce Seasonal Visa (GWSV) is an up to three-year visa for highly experienced seasonal workers in roles such as rural contracting, sheep scanning, winemaking, and snow instruction. The Peak Seasonal Visa (PSV) is a visa of up to seven months for short-term seasonal roles such as meat and seafood processing, calf-rearing, and wool handling. These are in addition to the existing RSE visa arrangements. Employers will still be required to advertise these roles, as well as engage with MSD, to ensure that New Zealand workers continue to be prioritised.

ANOTHER ZOMBIE FAILS
Hong Kong listed Chinese property developer, China South City Holdings, has been suspended after a Hong Kong court ordered its winding up. That ends a years-long process of attempting to survive through reorganisation and emphasises how tough the Chinese property development market is still

SWAP RATES HOLD
Wholesale swap rates are probably marginally firmer or stable today. Keep an eye on our chart below which will record the final positions closer to 5pm. The 90 day bank bill rate was down -1 bp at 3.15% on Friday. The Australian 10 year bond yield is unchanged at 4.26%. The China 10 year bond rate is also unchanged at 1.70%. The NZ Government 10 year bond rate is holding at 4.44% while up +1 bp at 4.42% in the earlier RBNZ fix today. The UST 10yr yield is down -1 bp from this morning at 4.27%.

EQUITIES MOSTLY POSITIVE
The local equity market is now up another +0.5% in late Monday trade. The ASX200 is up +0.3% in afternoon trade. Tokyo has opened up a strong +1.9%. Hong Kong is only up +0.1% at its open but Shanghai is up +0.3%. Singapore has opened down -0.2%. Wall Street looks like it will start its week tomorrow on a positive (short-term) note with the S&P500 futures indicating an open up +0.6%.

OIL DOWN AGAIN
The oil price in the US is unchanged from this morning’s open, now just on US$63.50/bbl and holding its lower level. And the international Brent price is stillunder US$66.50/bbl.

CARBON PRICE DORMANT
The carbon price is starting out the week at NZ$57/NZU because we there are again no trades. The next official carbon auction is on September 10, 2025. See our daily chart tracker of the NZU price for carbon, courtesy of emsTradepoint.

GOLD SOFT
In early Asian trade, gold is down -US$21 from thsi morning’s open at US$3377/oz.

NZD ON HOLD
The Kiwi dollar is unchanged from this morning at 59.5 USc. Against the Aussie we are down -10 bps0 bps again at 91.2 AUc. Against the euro we are also down -10 bps at just on 51 euro cents. This all means the TWI-5 is down -10 bps at 67.2.

BITCOIN RISES
The bitcoin price is now at US$121,820 and up +2.7% from this morning in a strongish push. Volatility has remained modest, although slightly higher, at just on +/-1.9%.

Select chart tabs

US$
AU$
TWI
Â¥en
Â¥uan
€uro
GBP
Bitcoin

Select chart tabs

1 year %
2 years %
3 years %
4 years %
5 years %
7 years %
10 years %

This soil moisture chart is animated here.

Keep abreast of upcoming events by following our Economic Calendar here ».