Kiwibank has raised its floating rate by +10 bps in an out-of-cycle move. More here<\/a>. Heretaunga Building Society raised one fixed rate. All current mortgage rates are here<\/a>. And note, you can compare mortgage offers with our new calculator that takes into account other costs and cashback incentives, here<\/a>.<\/p>\n
TERM DEPOSIT\/SAVINGS RATE CHANGES MOVING UP TAKE A BREAK, DO OUR QUIZ NEW PENALTIES ILLEGAL LOANS SPENDING ON CARDS NZX50 UP MAINTAINING ITS CONTROLLING INTEREST PAMU AIMS FOR $100 MLN FITTING BACK IN AT THE TOP INDUSTRY TRIES TO END-RUN A REGULATOR US TARIFF MESS FALLOUT SWAP RATES FIRMISH EQUITIES MIXED OIL EASES CARBON PRICE DIPS GOLD FIRMS AGAIN NZD UP AGAINST THE USD BITCOIN FALLS HARD Select chart tabs<\/p>\n US$ Select chart tabs<\/p>\n 1 year % \n This soil moisture chart is animated here<\/a>.<\/p>\n
Kiwibank raised its On-call savings account rate to 1.50%. Heretaunga Building Society raised its 2 year TD rate to 4.00%. All updated term deposit rates less than 1 year are here<\/a>, for 1-5 years, they are here<\/a>.<\/p>\n
Retail spending<\/a>\u00a0came in a bit better than most were expecting for Q4-2025 and that was on an inflation-adjusted basis too. Volume gains were +0.9%, which will be positive for Q4-2025 GDP. Good rises in decretionary spending drove the result.<\/p>\n
Our quiz has been updated for this week’s edition. You can do it here<\/a>. And a new one will be added every Monday.<\/p>\n
Stats NZ is planning to introduce an infringement scheme (fees and fines) to support its mandatory requests for information. You can give feedback on these plans here<\/a>.<\/p>\n
Ilaisaane Malupo, trading as Nane Easy Loan Finance Services NZ (Nane Loans), has admitted providing personal loans illegally to members of the Tongan community in South Auckland. Ms Malupo failed to keep accurate records, and destroyed others, meaning we do not have the details of all affected borrowers, the Commerce Commission says<\/a>, so they are appealing to borrowers to contact them. However, there may not be sufficient funds to reimburse borrowesr for their losses.<\/p>\n
Domestic billings on credit cards<\/a> were up +2.7% in January from a year ago, but overseas billings rose +7.6% on the same basis.<\/p>\n
As at 3pm, the overall NZX50 index<\/a> is up +0.5% so far today and now meandering. But that still puts it up +1.9% over the past five working days. It is up +2.2% from six months ago. From a year ago it is now up +6.7%. Market heavyweight F&P Healthcare is up +5.3% so far today on a very positive profit forecast<\/a>, and investor speculation that the Trump tariff mess will assist them.\u00a0F&P Healthcare, Tourism Holdings, Chorus and Gentrack lead today\u2019s NZX50 gains, while Channel Infrastructure, Mainfreight, Kathmandu and Summerset weigh on the index<\/p>\n
The Government said<\/a> today\u00a0it will buy up to $200 million of new Genesis Energy shares, which makes sure the Crown retains 51% of energy gentailer. Details of the full Genesis $400 mln rights offer are here<\/a>.<\/p>\n
State-owned farmer\u00a0P\u0101mu\/Landcorp is forecasting<\/a> full-year net operating profit to land between\u00a0$97 million and $107 million, an increase on the November 2025 forecast of $80 to $90 million. This is more than double the company\u2019s previous FY25 record of $49 million net operating profit. Higher dairy prices, higher production, and “productivity” has caused the improvement.<\/p>\n
Departed IAG-NZ CEO Amanda Whiting has had a new role made for he<\/a>r at their Sydney head office, “IAG has announced Amanda Whiting will take on a newly created role on the Group Leadership Team as Group Executive, Enterprise Growth and Simplification”.<\/p>\n
Staying in Australia, stamp duty is in the cross hairs of big investors and both the Property Council and Association of Superannuation Funds are lobbying hard to get it exempted from their projects. They don’t like the enforcement activity of ASIC for spoiling their plans for a carveout.<\/p>\n
Trump acting illegally is causing early-week fallout that seems to be spreading, but not big so far. The USD is lower. Benchmark bond yields are higher higher but volatile, and the futures markets suggest the S&P500 will open lower (-0.4%). Gold is up (+0.9%) and silver is up +5.8%. To be honest, this is less than you may have thought.<\/p>\n
Wholesale swap rates<\/a> are probably firmer today. Keep an eye on our chart<\/a> below which will record the final positions closer to 5pm. The 90 day bank bill rate was unchanged at 2.49% on Friday. Today, the Australian 10 year bond yield is down -2 bps at 4.72%. The China 10 year bond rate is unchanged at 1.81%. The Japanese 10 year bond is down -1 bp at 2.10 bps today. The NZ Government 10 year bond rate is now at 4.40%, up +3 bps from this morning. The RBNZ data is now ‘prior day’ with Friday’s rate down -5 bps at 4.34%. The UST 10yr yield is down -1 bp from this morning, now just on 4.08%.<\/p>\n
The local equity market has gained in Monday trade, up +0.5% so far.\u00a0 However, the ASX200 is down by -0.5% in afternoon trade. Tokyo is down -1.1% in its opening trade. Hong Kong is up +2.3% but Shanghai is still closed for the CNY holiday. Back tomorrow. Singapore is up +0.2%. Wall Street is down -0.5% in its futures trade.<\/p>\n
American oil prices are down -50 USc at just under US$66\/bbl, while the international Brent price is over US$72\/bbl.<\/p>\n
There have been very few trades again today on the secondary market and now at $43\/NZU. See our daily chart tracker<\/a> of the NZU price for carbon, courtesy of emsTradepoint<\/a>.<\/p>\n
In early Asian trade, gold has risen from this morning, up +US50\/oz and now at US$5106\/oz. Silver is up +US$2.50 at just under US$87\/oz.<\/p>\n
The Kiwi dollar is up +30 bps from this morning against the USD, now at just on 60 USc in a challenging time for the greenback. Against the Aussie we are up +20 bps at 84.6 AUc. Against the euro we unhanged at 50.7 euro cents. This all means the TWI-5 is now just on 63.3 and up +10 bps from this morning.<\/p>\n
The bitcoin price is now at US$64,416 and down a sharp -4.7% from this morning’s open. Volatility has been moderate at +\/- 2.8%.<\/p>\n
\n AU$
\n TWI-5
\n \u00a5en
\n \u00a5uan
\n \u20acuro
\n GBP
\n Bitcoin<\/p>\n
\n 2 years %
\n 3 years %
\n 4 years %
\n 5 years %
\n 7 years %
\n 10 years %<\/p>\n
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