Latest from ASB Bank Limited

Retail spending dips in March as petrol prices bite

Omicron-related nervousness likely to remain a drag on spending for some time.

Inflation likely to add $150 a week to living costs - ASB

New reports from ASB and ANZ economists point to much tougher year ahead for economy.

Liam Dann: GDP underwhelms, points to tougher year ahead

The economy rebounded out of the Delta lock down but the data didn't beat expectations.

Record profit: NZ banks made more than $6 billion in 2021

Strong mortgage lending and a write-back in impairments were the main drivers.

Liam Dann: Price rises just beginning as heat goes on Govt

Oil shock: Prices surged again today meaning consumers face more price pain at the pump.

Russian conflict won't hurt trade but inflation risk real, says Westpac

Higher inflation caused by conflict in Ukraine could mean a faster rise in interest rates.

Will the Reserve Bank deliver a single or double shot this week?

The Reserve Bank will lift the OCR on Wednesday - but by how much?

Liam Dann: Is the housing slump finally here?

Economists say the housing boom is over and expect prices to keep falling across 2022.

ASB chief Vittoria Shortt's warning: 'We haven't yet seen the full impact of Covid'

Bank boss urges businesses to prepare now ahead of Omicron surge.

Major banks increase floating home loan rates

ASB will lift its variable mortgage rates in reaction to the OCR increase.

RBNZ to lift interest rate this week, but by how much?

Markets will look to RBNZ governor Adrian Orr for clues on how high rates might head.

Investor confidence defies gloom - hits 5 year high

Investors have shrugged off inflation woes and are feeling confident as the world reopens.

Savings gap: 40pc of Kiwis have less than $1000 in the bank

Auckland spending plummets 22 per cent in September as lockdown rolls on.

Inflation shock: Data to show prices rising at fastest in a decade

NZ's economy faces a "perfect storm" of global and local forces driving up prices.

New data suggests post-lockdown rebound weaker than last year

Economists say there are signs this lockdown rebound won't match last year's strong surge.

Brace yourself for more mortgage interest rate rises

Borrowers are going to have to divert more money towards paying their mortgages.

Liam Dann: Lockdown call signals longer grind for economy

While changes mean more freedom for families they offer no fresh hope for business - yet.

Interest rate hike expected this week - regardless of lockdown call

Inflation pressure looks set to dominate the RBNZ's thinking despite the Auckland lockdown