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Latest fromWestpac Banking Corporation
Two major banks make big cuts to home loan rates
More relief for mortgage-holding homeowners.
ASB cuts rates after Kiwibank's move ahead of OCR decision
Banks are manoeuvring ahead of Adrian Orr's cash rate call.
Major bank drops mortgage rates, term deposits
The first bank moves to drop home loan rates after the Reserve Bank signals 'dovish' tone.
Is NZ still in recession? Economic growth data revealed this week
Did the economy grow or shrink in the March quarter? And does it really matter?
ANZ increases cash profit as net interest margins get squeezed
The bank is New Zealand's largest.
Next few months will be ‘critical’ for economy says Westpac NZ CEO
Westpac NZ CEO cites tense geopolitical environment adding to uncertainty.
Stock Takes: Sky TV chair's million-dollar share buy-up
And the food still in demand from financially-strained Kiwis.
December spending on a “sharper decline than expected”
Electronic card spending fell at the end of last year which might be bad news for retail.
Consumer confidence at highest level in nearly two years
Bank says more households expected the economy to strengthen over the coming year.
Retail spending up in November but retail outlook remains ‘cautious’
Stats NZ data showed card spending was up across all categories last month.
OCR announcement: Will the Reserve Bank change its interest rate plans?
With a last hike for the year looking unlikely, what does the bank expect for 2024?
Mortgage relief? Westpac first major bank to start cutting rates again
Westpac is cutting a range of its longer-term home loan rates.
Westpac NZ annual profit drops 7pc, says it is well-positioned
The bank reported a net profit of $963 million for September year.
NZ 'winning the war on inflation', no more rate hikes needed, Kiwibank says
Economists are reassessing their interest rate outlooks after inflation data surprised.
Solution in reach after Westpac, The Warehouse strikes
Union confident talks made progress after strikes at bank, retailer.
Consumer confidence plummets further
The big concern for New Zealand households is the pressure on their finances.
NZ no longer in recession, GDP result exceeds expectations
Strong exports, IT services, manufacturing helped drive growth in second quarter.
Are we out of recession? Economists make their picks
After two quarters of contraction, has the economy rebounded - and can it last?
Nation of Debt: Kiwis putting more on the plastic to cope with the cost of living
How the economic slowdown is stretching household budgets.
Westpac, several smaller banks lift home loan rates - again
More banks have announced changes to their home loan rates.
‘Worst two hours of my life': Russell Brown conned by bank scammers
'I wouldn't wish how I felt this evening on my worst enemy.'
Banks’ preparations for tough times could dampen profits
KPMG sees banks continuing to make provisions for higher bad debts.
Scam concerns intrude on big bank probe announcement
The nasty and costly scams have prompted a warning and some advice from ministers.
Lower inflation on food prices ‘a long way away’, economists say
Annual food price inflation is still close to 30-year highs.
Retail spending slump signals looming economic downturn
Card spending fell for the first time since February.
Retail sales down, signs of 'stark' year for Kiwi households
Some sectors sacrificed as surging cost of living forces tough choices.
Westpac NZ’s boss sees risks of hard landing for NZ economy
Westpac chief executive Catherine McGrath says more customers are feeling the pinch.