NZCity NewsLinks -

All Links

13 Aug 2025

Search

Economy to pick up despite high inflation, experts predict
Economists from Westpac Bank are also predicting the Reserve Bank is close to ending interest rate cuts.

Westpac cuts house price forecast
While property market activity has picked up through the first half of this year, house prices have not moved much.

Home loan rates fall again
Westpac is cutting some of its home loan rates and slightly increasing one other.

ANZ, BNZ, Westpac cut home loan rates - but where to from here?
Banks had already started to cut their interest rates, ahead of an expected drop in the official cash rate (OCR) on Wednesday.

Advisers dismayed at Dosh and Westpac tie-up
Mortgage advisers say they have been slapped in the face by Westpac powering fintech Dosh to offer home loans without any financial advice and giving a loyalty cashback reward of up to 0.20% over the term of a mortgage.

Westpac fined $3.25m for overcharging and misleading customers after banking bungles
Westpac customers were left $6.35m out of pocket.

Westpac customers frustrated after online banking issues
The bank said, due to a technical issue, its digital banking was unavailable for a time.

Ramsay Health & Westpac win for AI innovation on Appian
Appian's 2025 Innovation Awards honour Ramsay Health Care and Westpac for pioneering AI and process orchestration to transform services and boost efficiency.

Westpac pilots mobile banking services in Southland
It's a four-wheeled solution for three towns.

Sitting back and taking a calm attitude
Westpac is sticking to its forecast of a 3.25% OCR bottom.

Waikato Westpac Rescue Helicopter crash caused by ‘vortex ring state’, investigation finds
It marks what may be the first crash directly caused by the phenomenon.

Flatter prices in a well- balanced market
Westpac economists say their forecast of 6.2% growth in house prices growth this year now looks optimistic when they have only ramped up 1% in the past six months.

Westpac warns of multi-million-dollar 'subscription trap'
The bank said it helped stop more than $25 million in unwanted charges being put on credit cards of unwitting customers.

Growth here, there, not quite everywhere
Westpac has upgraded its GDP growth expectations from 0.4% to 0.7% meaning a strong case for the RBNZ to leave the OCR unchanged at its July review.

ANZ, BNZ, Westpac cut home loan rates - but where to from here?
Banks had already started to cut their interest rates, ahead of an expected drop in the official cash rate (OCR) on Wednesday.

UK bank accuses Westpac of ‘critical errors’ after customer sent $158k to wrong account
Westpac denies liability, blaming the customer for keying the wrong account details.

Biggest fall in decades for household debt servicing costs
New Zealand households could be in line for one of the biggest falls in debt servicing costs in the past 30 years as the Reserve Bank cuts interest rates, says Westpac NZ.

Asia-Pacific organisations honoured for digital transformation
Smart Communications has honoured leading Asia-Pacific firms, including ING and Westpac, with 2025 SCALE Awards for digital transformation and customer engagement.

Westpac online banking suffers glitch, apologises after customers left frustrated
Some say the glitch has meant they can't pay their bills or transfer money for petrol.

Urban areas still feeling an economic chill - Westpac report
The agricultural sector will likely carry the economy for a good part of this year, until lower interest rates filter through to boost spending and activity.

Another major bank brings one-year fixed home loans below 5 percent
In recent days, ANZ, Kiwibank, BNZ and Westpac have all lowered their one-year rate to 4.99 percent.