No changes to report today. 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 NO RENT INFLATION EXPANDING WITH WORRYING SIGNALS DONE OUR QUIZ YET? NO? DO IT NOW GOING AFTER ANOTHER 25 RELATED COMPANIES NZX50 FADES UNDER PRESSURE EXPECTED & UNEXPECTED REACTIONS ARE YOU A BANKING & FINANCE PROFESSIONAL? THE AUSSIE LABOUR HIRE SECTOR NO CHANGE MODEST INFLATION FIRST NON-PANDEMIC PPI INFLATION IN 7 YEARS STILL MODEST SWAP RATES STAY UP EQUITIES MIXED OIL PRICES TURN BACK UP CARBON MARKET JUMPS BACK INTO LIFE GOLD FIRMER NZD ENDS WEEK HIGHER BITCOIN FIRM Select chart tabs<\/p>\n US$ Select chart tabs<\/p>\n 1 year % \n This soil moisture chart is animated here<\/a>.<\/p>\n
Xceda has raised rates, including now with a 4% rate for less than 1 year, and a 5% rate for 5 years. All updated term deposit rates less than 1 year are here<\/a>, for 1-5 years, they are here<\/a>.<\/p>\n
Auckland’s largest rental agency says<\/a> more properties are being rented in the Queen City but rents aren’t rising, and they are seeing some landlords not increasing rents to retain existing tenants.<\/p>\n
The BNZ\/BusinessNZ factory PMI<\/a> held in expansion in March, just slightly less than in February. But the detail shows a lot of this was driven by inventory expansion, as deliveries sank sharply from their average levels. New orders held up, but perhaps trying to lock in pre-inflated pricing that is sure to come.<\/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
The FMA says<\/a> it is going to try and liquidate more of Bernard Whimp’s Chance Voight companies.<\/p>\n
As at 3pm, the overall NZX50 index is down -0.6% so far today<\/a>. Enthusiasm is leaking away as the session develops although it is still heading for a +2.6% weekly rise. but is down -2.3% from six months ago. From a year ago it is up a net +7.9%. Market heavyweight F&P Healthcare is down a sharpish -3.0% so far today. Tower, Port of Tauranga, Genesis and Stride lead the few gainers but Gentrack, Summerset, F&P Healthcare and Serko lead the main decliners.<\/p>\n
Livestock markets have remained oddly stable over the past few weeks, despite the ongoing geopolitical uncertainty, especially from fertiliser, fuel and freight costs for farmers and processors alike. Lamb returns are reflecting lower schedule offers. But although beef returns got those last week, they didn’t this week. Essentially, good demand from the US underpins this part of the industry.<\/p>\n
And it is probably worth noting that the day of record for the Fonterra capital return was yesterday, April 9. The public FCG share price<\/a> fell sharply today to reflect that (down from $6.20\/share to $4.12 now). But the farmer-shareholder FSF shares<\/a> barely missed a beat (still at $8.40\/share).<\/p>\n
You may wish to consider subscribing to our specialist daily newsletter. Details here<\/a>.<\/p>\n
In Australia, they have just released some interesting data<\/a> on the labour hire sector. Over there as at December 2025, 351,000 Aussies had a job in Labour supply services, and for 297,800 (85%) it was their main job. 2.3% of all employed people had a job in Labour supply services in December 2025. 68% of labour hire workers worked full-time (August 2024). 74% of them did not have paid leave entitlements, and 26% would prefer to work more hours (August 2024).<\/p>\n
The Korean central bank kept<\/a> its policy interest rate unchanged at 2.25%. They have an inflation date of 2.2% but expect this to rise in the current environment.<\/p>\n
China said<\/a> its CPI inflation rate was +1.0% in March from a year ago, a smaller rise than expected and lower than the February +1.3% rate (which was a three year high). Food prices only rose +0.3% year-on-year, restrained by pork and fresh vegetables. Beef prices were up +7.8% from a year ago, lamb prices up +6.8%. Dairy product prices fell -0.7% on the same basis.<\/p>\n
China also released its producer price data<\/a> today which shows them suddenly out of deflation, with PPI up +0.5% from a year ago in March, the first time since September 2022, and prior to the pandemic distortion, the first time since early 2019.<\/p>\n
In Japan, they said<\/a> their March PPI inflation ran at +2.6%, about average over the past twelve months, and off the unusually low February +2.1% level.<\/p>\n
Wholesale swap rates<\/a> are likely to have held up after yesterday’s big jump, perhaps adding another +1 bp 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 up +1 bp at 2.53% on Thursday. Today, the Australian 10 year bond yield is unchanged at 4.95%. The China 10 year bond rate is also unchanged at 1.81%. The Japanese 10 year bond is up +1 bp at 2.41% today. The NZ Government 10 year bond rate is now at 4.74%, back up +10 bps from this this time yesterday. The RBNZ data is now ‘prior day’ with the Thursday rate up +7 bps at 4.70%. The UST 10yr yield is down -1 bp at 4.29%.<\/p>\n
The local equity market has fallen -0.8% in Friday trade so far. The ASX200 is down -0.3% in afternoon trade. Tokyo has opened on Friday up +1.5% in its opening trade. Hong Kong is +0.6% higher and Shanghai has opened up +0.9%. (China is having a ‘good war’ so far.) Singapore is up a minor +0.1%. Wall Street ended its Thursday trade up +0.6%.<\/p>\n
American oil prices have risen +US$3 from yesterday with the WTI benchmark now at US$98.50\/bbl, while the international Brent price is up +US1.50 at US$96.50\/bbl.<\/p>\n
There has been surprisingly robust trading volumes today on the secondary market, and the price has risen with it, up +$2 to $45\/NZU. See our daily chart tracker<\/a> of the NZU price for carbon, courtesy of emsTradepoint<\/a>.<\/p>\n
In early Asian trade, gold is higher at US$4749\/oz, up +US$34 from yesterday. Silver is up +US$2 USc at just on US$75.50\/oz.<\/p>\n
The Kiwi dollar is up +20 bps from yesterday against the USD, now just on 58.5 USc. Against the Aussie we are down -20 bps at 82.7 AUc. Against the euro we are unchanged at 50 euro cents. This all means the TWI-5 is now just over 62 and up +10 bps from yesterday.<\/p>\n
The bitcoin price is now at US$71,972 and up +1.3% from this time yesterday. Volatility has been modest at just on +\/- 1.9%.<\/p>\n
\n AU$
\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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