
Record profit: NZ banks made more than $6 billion in 2021
Strong mortgage lending and a write-back in impairments were the main drivers.
Strong mortgage lending and a write-back in impairments were the main drivers.
Oil shock: Prices surged again today meaning consumers face more price pain at the pump.
Higher inflation caused by conflict in Ukraine could mean a faster rise in interest rates.
The Reserve Bank will lift the OCR on Wednesday - but by how much?
Economists say the housing boom is over and expect prices to keep falling across 2022.
Bank boss urges businesses to prepare now ahead of Omicron surge.
OPINION: The tightest labour market in decades is a double-edged sword for the economy.
ASB CEO urges people to keep up their savings habit.
As Omicron concerns mount, today's GDP data provides some comforting economic reassurance
Third quarter GDP will show a big fall, reflecting the nationwide lock down
Will banks' customers need to be vaccinated to visit a branch?
ASB will lift its variable mortgage rates in reaction to the OCR increase.
Markets will look to RBNZ governor Adrian Orr for clues on how high rates might head.
Investors have shrugged off inflation woes and are feeling confident as the world reopens.
Auckland spending plummets 22 per cent in September as lockdown rolls on.
NZ's economy faces a "perfect storm" of global and local forces driving up prices.
Economists say there are signs this lockdown rebound won't match last year's strong surge.
Inflation pressure looks set to dominate the RBNZ's thinking despite the Auckland lockdown
Around 150,000 customers could be involved in the court case.
The latest ASB Regional Economic Scoreboard shows significant movement pre-lockdown.
Markets are betting that rates aren't on hold for long - we should hope they are right.
Lockdown costs look bad, but past experience shows we need to factor in the rebound.
Next week's official cash rate decision could see first rise in seven years.
ASB has released its full year result to June 30.
Hiking more aggressively next week could head off inflation risk and cool housing.
Unemployment is expected to have fallen again in the June quarter.
The return of inflation and rising interest rates makes economics more relevant than ever.
After last week's rate hikes markets deliver a reminder that there's no sure bets.
All four of the major banks have now confirmed an increase in rates.