Post-holiday debt? Westpac launches special consolidation interest rate
“Over the past year we’ve seen an uptick in people applying for debt consolidation personal loans, as well…
ANZ’s new floating interest rate means an extra $12m in profit – expert
He said the rate had previously been in a “no man’s land” between Kiwibank and the other major…
Queenstown housing boom leaves rentals lagging as homes sit empty or move to Airbnb
In 2024 alone, only Auckland and Christchurch, with much larger populations, approved more new homes. More than 1500…
BOJ set to hold policy rate steady at January meeting
Bank of Japan Growth upgrade likely as government measures bolster spending and capital investment Bank of Japan Gov.…
Japan stocks ride AI boom, rate hikes to record high in 2025
Markets Manufacturing and finance resurgent as economy shifts to inflation from deflation The Nikkei Stock Average ended the…
Corporate Japan and households to rethink debt after BOJ rate hike
Bank of Japan Seiko and AGC switch to fixed-rate loans and reduce borrowing The central bank’s latest rate…
Home loan shake-up as major banks hike long-term rates, trim six-month fixes
ASB has also lowered its six-month home loan rate by 20bps to 4.65%, which it says is “market-leading”.…
US unemployment rate ticked up to 4.6%, the highest level since the Covid pandemic
Also, job creation in August was revised down by 22,000, showing the economy shed 26,000 jobs that month.…
China ends tax break on condoms in push to lift falling birth rate
“Decisions about having children in China today are shaped primarily by broader economic and lifestyle factors, such as…
Are recent mortgage rate increases justified? Banks accused of putting profits ahead of NZ’s economic recovery
The banks’ moves came as swap rates, which influence longer-term mortgage rates, spiked in the fortnight following the…
Gentrack sell-off drives NZ sharemarket down – Market close
The bank announced late on Tuesday it would hike its two- to five-year fixed mortgage rates despite the…
Reserve Bank Governor says there is no preset course for monetary policy after Westpac hikes interest rates
She declined the opportunity to explicitly talk the market up or down. Rather, she stressed a couple of…