Monetary Policy

The kiwi rose to 66.05 US cents at 8am in Wellington form 65.88 cents yesterday.

NZ dollar falls vs. Aussie

The New Zealand dollar extended its decline against the Australian dollar on speculation the Reserve Bank will cut interest…

Mortgage Rates Provided by

Institution Term Percent
ANZ1 year fixed4.85%
ASB1 year fixed4.85%
BNZ1 year fixed4.35%
Kiwibank1 year fixed5.19%
Westpac1 year fixed4.99%

Savings Rates Provided by

Institution Minimum 1 Year
ANZ $1 3.50%
ASB $1 3.40%
BNZ $1 3.40%
Westpac $1 3.30%

Motelier, bank solve swaps fight

A $3 million test case between a motelier and Westpac over interest rate swaps was called off before a judge had the chance…

Card spending up in September

Retail spending on electronic cards rose for a fifth month in September, led by an increase in expenditure on durable goods…