US Federal Reserve raises interest rate 25 basis points in first hike since 2023
“While uncertainty remains elevated owing, in part, to geopolitical developments, domestic spending has been resilient,” it said. “Productivity…
Citizenship test: Multiple delays, minister intervened to charge money on per-test basis
The Department of Internal Affairs spoke to the New Zealand Qualifications Authority, finding “mixed success” in identifying and…
NZ sharemarket pares losses as Reserve Bank lifts OCR to 2.5% – Market close
“The next [Consumers Price Index/CPI] inflation update is in two weeks, and the market is pricing in a…
Westpac announces second lot of mortgage rate hikes in May ahead of key Reserve Bank decision
The bank also increased its three-year fixed terms by 6bps to 5.35% (special) and 5.95% (standard). The Reserve…
Fuel prices jump over 30% while April food price inflation cools
Prices for the overall food group increased by 2.6% in the 12 months to April 2026, after a…
ASB hikes mortgage rates by up to 20 basis points
The largest increase is to ASB’s five-year mortgage rate, which jumps 20bps to 5.89%. Adam Boyd, ASB’s executive…
Kiwibank latest to hike mortgage rates from today, some terms raised by 20 basis points
Kiwibank’s term deposit rates from six months to five years will also move up by as much as…
How professional investors are handling sharemarket volatility and the Middle East meltdown – Stock Takes
It’s not the first oil shock that markets have shrugged off. “In 2022, when Russia invaded Ukraine, oil…
Food prices rise 4.6% annually, January monthly increase biggest jump in four years
Higher prices for the grocery food subgroup contributed the most to the annual increase, up 4% annually and…
Food prices fall for third month, but groceries and power still climbing
Stats NZ highlighted three food products: a 2-litre bottle of milk, which has had its price increase 15.8%…
Co-operative Bank hikes mortgage rates by massive 30 basis points
The bank’s standard two-year fixed rate will increase from 4.99% to 5.29%, while its three-year term moves from…
Westpac lifts longer-term mortgage and term deposit rates by whopping 30 basis points
Indeed, Westpac said wholesale rate rises were behind its decision to lift its two-, three-, four- and five-year…