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10 Jul 2025

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Reserve Bank warns US tariffs pose risk to NZ financial stability
Banks have strong capital to maintain credit flows amid market volatility.

Major banks trim mortgage rates
One-year special rate is now under 5%.

‘Not good enough’: Why don’t banks pass on the OCR cut instantly?
The central bank has cut the Official Cash Rate, so why don’t banks pass it on instantly in their mortgage rates? Explainer Editor Lloyd Burr tries to find some answers.

Interest rates expected to plateau soon
A switch has been flipped for mortgage borrowers with the two-year 4.99% interest rate the main banks are now offering.

Aggregators should be pushing back on banks
Mortgage advisers have a lot more power than they realise when it comes to banks pushing out mortgage application times.

OCR preview - RBNZ has more cuts and work to do
Consensus among the country’s main banks is the OCR will be cut to 3.75% on Wednesday but after that all eyes will be on the RBNZ’s Monetary Policy Statement outlining its forecast.

With more banks deserting New Zealand, the consumer suffers
A wave of lenders leaving New Zealand has at least one industry expert warning that any planned reforms will be “too little, too late” to fix regulatory settings that miss the mark

Finance minister: 'Our government won’t be cowered by the big four banks'
Nicola Willis has welcomed the Commerce Commission’s report and recommendations into the banking sector, saying it confirms what Kiwis have long suspected about a lack of competition.

Challenge to banks the way to go
A government enquiry into rural banking will generate a lot of headlines over the coming year but is unlikely to disrupt the “cosy” banking oligopoly lending to New Zealand farmers

Big increase in home loans made by banks
Despite a recession, the number and value of home loans were up by 21% in the second half of last year, compared to the first half.

RBNZ does a u-turn on bank capital requirements
The Reserve Bank has bowed to pressure from the Commerce Commission, the banks and submitters to parliament’s banking inquiry and will conduct a review of its bank capital requirements.

Reserve Bank to review ‘unreasonably conservative’ capital requirements
The RBNZ, accused by banks of pushing up loan costs by being too conservative, will call in international experts to review its bank capital settings.

Aggregators putting the pressure on - NZFSG
The country’s biggest adviser network NZFSG says banks are acutely aware of pain points for advisers.

Devon Funds Morning Note - 26 February 2025
Technology stocks sold off again on Tuesday, with the Nasdaq falling 1.4% while the S&P500 was 0.5% lower. Nvidia fell 2.8% ahead of its results. Banks were weaker as US consumer confidence posted its biggest drop since 2021 amid a slowing economy

How banks make super profits off savings accounts
As potential new homeowners struggle with saving a decent deposit a mortgage adviser can put before a bank in a loan application, Squirrel Mortgages has taken a swipe at how much profit banks are making from savings accounts.

Dosh to launch a competitive digital home loan
Fintech start-up Dosh is planning to launch a digital home loan offering soon and it will be one of the most disruptive of the major banks in 2025, Dosh co-founder Shane Marsh told parliament's finance and expenditure committee.

Banks immediately jump on OCR reduction with their own cuts
Kiwibank, ASB, ANZ and Westpac moved quickly to pass on home loan rate cuts after the Reserve Bank’s decision.

Farmer confidence stubbornly low
Farm confidence has fallen since the start of the year, with debt, interest rates and banks causing the greatest concern to Kiwi farmers