One and two-year mortgages are most popular again, ASB CEO Vittoria Shortt says
Of the whopping $13 billion of mortgages (including refinancing) all banks in New Zealand issued in December, 22%…
Dow surges above 50,000 for first time as US stocks regain mojo
US stocks had been under pressure this week, with the Nasdaq falling the last three sessions following big…
Australian central bank raises key interest rate to 3.85% – Nikkei Asia
Australian central bank raises key interest rate to 3.85% Nikkei AsiaAustralia politics live: Bullock refuses to rule out further…
ANZ hikes longer-term fixed mortgage rates, increases interest rates on term deposits
Only ANZ’s six-month fixed home loan rate will fall from 5.29% to 5.09% – a decrease of 20…
Hotel shares interest boosts end-of-month action – Market close
“It certainly put a dampener on expectations for the housing market, and the problem is that two or…
Nicola Willis says latest inflation data a ‘blip’, but acknowledges Reserve Bank will eventually have to start hiking interest rates
Nicola Willis this morning told Parliament’s Finance and Expenditure select committee her confidence that inflation would sit within…
Danyl McLauchlan: Trouble for Winston Peters as Kiwi workers wake up to his party’s limitations
Sometimes it’s the little things – like Winston Peters’ recent rebuke of Anna Breman, the recently appointed Reserve…
Consumer price index: Concern within Government about inflation threat, interest rate hike forecast brought forward
Stats NZ on Friday morning said the consumer price index (CPI) increased 3.1% in the 12 months to…
Interest rate hikes to come this year – economists shift forecasts after elevated inflation
That brings them into line with market pricing. BNZ head of research Stephen Toplis described inflation as “worryingly…
Mortgage rates: Bunch of floating borrowers miss the boat on lowest rates
The reason rates rose, despite the OCR cut, was that traders in financial markets weren’t expecting the Reserve…
NZ sharemarket ends week down almost 2% – Market close
Shane Solly, portfolio manager with Harbour Asset Management, said there’s no pull-back in non-tradeable domestic inflation (at 3.5%)…
CPI preview: Stubborn inflation could mean interest rates rise sooner than forecast
The main drivers of the increase would be higher prices for fuel, airfares, household energy and accommodation, and…