Kiwibank has raised most fixed rates. Details here<\/a>. Xceda did too, late yesterday. 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
BUSINESS RATE CHANGE
ANZ has raised its floating Working Capital Base Rate to\u00a010.75% from 10.65%.<\/p>\n
TERM DEPOSIT\/SAVINGS RATE CHANGES HIGH GOING INTO THE FUEL SHOCK HEAVY GLUMNESS DESCENDS ON BUSINSSES GOVERNMENT ‘AUTOMATED DECISION MAKING’ 100 MLN IS JUST THE START NZX50 SOFTISH AGAIN A FEW MORE TRACTORS SWAP RATES RISE, EVERYONE ELSE DIPS EQUITIES LITTLE-CHANGED, EXCEPT TOKYO OIL PRICES DIVERGE CARBON PRICE HOLDS RISE GOLD HOLDS NZD FIRMER BITCOIN UP Select chart tabs<\/p>\n US$ Select chart tabs<\/p>\n 1 year % \n This soil moisture chart is animated here<\/a>.<\/p>\n
Kiwibank trimmed its 6 month rate, and raised its 2-5 year TD rates. WBS also raised some rates. All updated term deposit rates less than 1 year are here<\/a>, for 1-5 years, they are here<\/a>.<\/p>\n
Surprising some, annual CPI inflation landed at 3.1% in the March quarter<\/a>, more than the anticipated 2.9$ rate, with electricity leading the way. But the rent rise was the lowest in 16 years. Petrol price rises started showing up in the March quarterly rate of +0.9%. Key is how the RBNZ will interpret this data. Financial markets are picking they will bring forward their rate hike ideas with benchmark bond yields rising on this news. The NZD rose as well, following the yield rise.<\/p>\n
But business sentiment as measured by the NZIER quarterly survey of business opinion<\/a> tanked in Q1-2026. That revealed a big drop in the number of firms expecting economic conditions to improve. Apparently the Middle East war poses risk to NZ\u2019s fragile economic recovery, but there has only been a ‘modest lift’ in firms raising prices so far.<\/p>\n
The Minister of Justice has asked<\/a> the Law Commission to undertake a review of legal issues related to the use of automated decision-making by government.\u00a0\u2018Automated decision-making\u2019 refers to the use of digital technologies, including artificial intelligence, to assist decision-making processes. At present, New Zealand does not have overarching law, standards or guidance specifically addressing how government agencies should use automated decision-making in a legally compliant and consistent manner.<\/p>\n
New data released today by anti-scam solutions provider, GetVerified, reveals<\/a> a significant shift in payment behaviour.\u00a0Since the rollout of the Confirmation of Payee account verification service across New Zealand banks, nearly 20% of users report the service has helped them avoid a misdirected payment or a potential scam.\u00a0With almost 100 million transactions processed since the service was embedded into banking journeys last year, the GetVerified survey data suggests that around 20 million payments were paused or corrected by New Zealanders who \u201ctook a sec to check.\u201d Now they are\u00a0extending the service into businesses, at a time when fraud and scams are becoming harder to detect. They are pushing for businesses to use account verification to clean their data – before it’s time to make a payment.<\/p>\n
As at 3pm, the overall NZX50 index is down -0.1% so far today<\/a>. That is after a good opening that it hasn’t been able to sustain. It is heading for a -0.9% weekly dip. It is down -3.5% from six months ago. From a year ago it is up a net +9.0%. Market heavyweight F&P Healthcare is up +0.3% again so far today.\u00a0Mainfreight, Ryman, Precinct and Freightways advance while Fletcher, Infratil, Heartland and Turners fall away.<\/p>\n
Perhaps in an early sign of returning confidence on the farm, more than 200 new tractors were sold & registered in March, the most since 2022. But it was still well below the 243 sold in March 2018.<\/p>\n
Wholesale swap rates<\/a> are likely higher today by about +5 bps across the curve on the expectation that higher inflation will bring a strong, earlier reaction from th RBNZ. Keep an eye on our chart<\/a> below which will record the final positions closer to 5pm. The 90 day bank bill rate was unchanged at 2.54% on Monday. Today, the Australian 10 year bond yield is down -1 bp at 4.92%. The China 10 year bond rate is down -1 bp at 1.75%. The Japanese 10 year bond is down -2 bps at 2.38% today. The NZ Government 10 year bond rate is now at 4.67%, up +3 bps from this time yesterday. The RBNZ data is now ‘prior day’ with the Monday rate down -8 bps at 4.60%. The UST 10yr yield is down -2 bps from this time yesterday at 4.25%.<\/p>\n
The local equity market has dipped -0.2% in Tuesday trade so far. The ASX200 is also down -0.2% in afternoon trade. Tokyo has opened on Tuesday up +1.3% in its initial trade. Hong Kong up +0.1% and Shanghai has opened down -0.2%. Singapore has risen by +0.3% at its open. Wall Street ended its Monday trade the S&P500 down a net -0.2%.<\/p>\n
American oil prices have fallen -US$2.50 from yesterday with the WTI benchmark now just on US$86.50\/bbl, while the international Brent price is unchanged at just on US$95\/bbl.<\/p>\n
There have been few trades today on the secondary market, with the price still at $49\/NZU but that is its highest since early November 2025. See our daily chart tracker<\/a> of the NZU price for carbon, courtesy of emsTradepoint<\/a>.<\/p>\n
In early Asian trade, gold is marginally firmer at US$4805\/oz, up +US$10 from this time yesterday. Silver is now just on US$79\/oz and down -US$1.<\/p>\n
The Kiwi dollar is up +30 bps against the USD, now just over 59.1 USc. Against the Aussie we are up +20 bps at 82.4 AUc. Against the euro we are also up +20 bps at 50.2 euro cents. This all means the TWI-5 is still just on 62.5 and up +30 bps from yesterday at this time.<\/p>\n
The bitcoin price is now at US$75,558 and up +1.5% from this time yesterday. Volatility has been modest at just over +\/- 1.7%.<\/p>\n
\n AU$
\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
\n ![](\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/04\/soil-moisture-2026-04-04.gif\" "\\"click")
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