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…
BNZ undercuts rivals Kiwibank, ANZ and Westpac as it hikes key mortgage rates
ANZ had also lifted its special one-year fixed rate by 10bps to 4.69%. ASB has the lowest one-year…
Westpac CEO warns ‘there’s a chance of a recession’ as interest rates rise
The chief executive of Westpac has warned of the growing risk a recession could be on the horizon…
Westpac shares touching story after $1300 cash pouch is returned to Blenheim couple
“My partner was so upset yesterday, and your call completely changed our day. She’s contacted him, thanked him,…
Winter downturn: Economic recovery now ‘unlikely’ until 2027 – ASB
That would result in weaker GDP with annual growth forecasts for 2026 reduced by around 1.6 percentage points,…
Iran conflict fallout: Westpac tips GDP to shrink in June quarter
Eckhold warned of a “really large hit to confidence in the next few months, both for businesses and…
BNZ joins Westpac in lifting mortgage interest rates, 5-year term biggest jump
The changes are effective immediately, the bank said. BNZ has lifted its mortgage interest rates today. Photo /…
Economist wonders whether more people will need to work from home
Middle East crisis: Economist wonders whether more people will need to work from home ZB Choose a region…
Westpac lifts mortgage rates across one- to five-year home loans
Interest rates are going up because wholesale rates had “increased significantly in recent weeks”, a Westpac leader says.…
Media Insider: Westpac shakes up advertising agency model with new, bespoke company Goldilocks
As one agency source told Media Insider in 2023: “Everyone wants a bank. They spend so much, and…
New Zealand tests ‘houseless’ recovery as spending outpaces property prices
Muted house prices despite above‑trend GDP Westpac is not forecasting a housing boom from here. It is picking…
1 in 3 Kiwis have less than $500 in savings as people grapple with high costs – Westpac
1 in 3 Kiwis have less than $500 in savings as people grapple with high costs – Westpac…