Looking to 2025 | interest.co.nz
By David Skilling* As is normal at this time of the year, I have been wading through a small mountain of 2025 outlook documents. As is also normal, there is a high degree of clustering – and path dependence – in these forecasts: common themes include ongoing US exceptionalism; a muted outlook for Europe/UK; and some caution on China.
Mortgages | interest.co.nz
It is a popular delusion that the government wastes vast amounts of money through inefficiency and sloth. Enormous effort and elaborate planning are required to waste this much money.
How will our export boom in 2025 influence the Kiwi dollar?
The alternative NZ economic outlook for 2025. The pessimistic outlook for 2025 from the mainstream forecasters is that the New Zealand economy will struggle to pull itself out of recession, the US dollar will remain strong under the Trump regime policies and therefore the Kiwi dollar remains below 0.6000.
ANZ cuts mortgage rates again | interest.co.nz
Sep 11, 2024 · Run the numbers for yourself and see! It's quite fascinating. On the current online ANZ rates I've got, to be better off over 12 months doing two 6 month fixes (vs 12 month now), the second 6 month rate has to be 5.59% or better.
Term deposits 1 to 5 years | interest.co.nz
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NZD/USD makes fresh lows for the year | interest.co.nz
It was a quiet session for NZ fixed income in the local session yesterday. Swap rates decreased 2-3bp across the curve. 2-year yields closed at 3.57% with the early October low of 3.51% remaining a near term target.
What happened Friday | interest.co.nz
BIG IMPROVEMENT The November trade balance fell sharply to a deficit of -$437 mln as exports rose +9.1% and imports fell -3.9%. Apart from the pandemic, this was the lowest November trade balance since 2014. (Between then, November trade deficits averaged …
BNZ raises term deposit rates | interest.co.nz
For four years, the rate's up 25 basis points to 5.00% from 4.75%. And for five years the new rate is 5.30%, up 20 basis points from 5.10%. The BNZ six month and one year rates are unchanged at 3.80% and 4.00% respectively.
Should savers hold out for higher term deposit rates?
Following ANZ's call that we can probably expect two more 25 basis points Official Cash Rate rises, the first being later this month, financial markets have sharply changed their tune and are today are pricing in a 50% chance of that, and another similar chance in May.. Banks can't ignore these changes, even on the term deposit side. On Monday, BNZ …
Deposit calculator | interest.co.nz
Does Interest have a calculator for regular savings? For example, putting $50 / week into a rapid save savings account that gets 3.95% p.a., what would they expect to see after 5 years?