RBNZ to cut rates by another 50 bps on February 19 on growth concerns: Reuters poll
New Zealand's central bank will follow through on plans to cut interest rates more with a 50 basis-point reduction on ...
ASB economists share what they expect will happen to home loan rates
The OCR, which can influence bank interest rates, currently sits at 4.25 per cent but will be reviewed at 2pm on Wednesday, ...
Interest3d
ASB posts profit increase despite big bump up in staff numbers as scam war continues
Between December 2023 and December 2024, ASB increased full-time staff numbers by 343, or 6%, to 6,272. This was attributed ...
Finance and Expenditure Committee to grill bank bosses again; ASB CEO Vittoria Shortt happy to ‘get the facts on the table’
ASB chief executive Vittoria Shortt is welcoming the opportunity to again be quizzed by politicians worried about the lack of ...
ASB lowers rates, broker expects more cuts to come
ASB is the latest bank to cut home loan rates, reducing its one-year rate by five basis points to 5.49 percent. Its 18-month ...
The National Business Review3d
ASB profit climbs higher, politicians mull bank competition
Australian-owned ASB has reported a half-year profit increase, helped by a rise in operating income and lending volumes. The ...
'Group Think': These Were Our Covid-19 Mistakes, Economists Say
"The idea that confidence is super fragile persisted well beyond when it was true. House prices - the Reserve Bank forecast them to go down 10 percent or 20 percent but they went up 30 percent one ...
ASB bounces back with net profit rising to $763m
The bank's profit dip last year proved to be temporary as borrowing demand increased, and it paid less for deposits.