HSBC Bank - Latest News [Page 1]

RBNZ Observer: Another 25bp hike expected next week

Thursday, 17 April 2014, 11:33 am | HSBC Bank

The RBNZ became the first developed world central bank to hike rates this cycle, in March, raising its cash rate by 25bp to 2.75%. We expect the RBNZ to follow through with a further 25bp rate hike next week, as New Zealand’s economy remains on track ... More >>

NZ inflation moderates: Still expect a rate hike next week

Wednesday, 16 April 2014, 2:28 pm | HSBC Bank

New Zealand's CPI increased by +1.5% y-o-y in Q1 (market had +1.7%) – a slight moderation from the +1.6% annual pace seen in Q4. Domestic costs are moving higher on the back of a strengthening economy, but, at the same time, an elevated NZD helped ... More >>

RBA Observer: On hold next week, next move likely to be up

Friday, 28 March 2014, 1:54 pm | HSBC Bank

Local activity indicators are continuing to show that growth in Australia is rebalancing from being led by mining investment, as it has been in recent years, to being driven by the non-mining sectors of the economy. GDP picked up pace in Q4, supported by ... More >>

New Zealand's boom: GDP rises strongly in Q4 13

Thursday, 20 March 2014, 4:51 pm | HSBC Bank

New Zealand GDP increased strongly in Q4, rising by +0.9% q-o-q, to be +3.1% higher y-o-y (market had +3.1% y-o-y). Growth has been relatively broad based across sectors over the past year, as a combination of rising asset prices, elevated export prices ... More >>

HSBC among First Market-Makers for Direct Trading of CNY/NZD

Wednesday, 19 March 2014, 11:05 am | HSBC Bank

HSBC has received approval from China’s central bank, the People’s Bank of China, to be one of the first market-makers for direct trading of the renminbi (CNY) and New Zealand dollar (NZD) in China’s onshore interbank foreign exchange market. More >>

HSBC offers lowest two-year fixed home loan rate in NZ

Wednesday, 19 March 2014, 10:09 am | HSBC Bank

HSBC New Zealand announces that it has reduced its HSBC Premier two-year fixed home loan rate by 0.5% to 5.79% per annum. This is the lowest two-year fixed residential mortgage rate currently being offered by a bank on the New Zealand market. More >>

RBNZ Observer Update: Hiking phase underway

Thursday, 13 March 2014, 12:09 pm | HSBC Bank

The RBNZ raised its cash rate by 25bps to 2.75%, as expected. The economy is continuing to pick up strongly and the RBNZ is now on a path to return rates towards more normal levels to keep inflation contained. More >>

RBNZ Observer Update: Expected to hike rates next week

Friday, 7 March 2014, 10:38 am | HSBC Bank

New Zealand’s economy is at the beginning of a boom and interest rates should be increased from their current low levels to keep inflation contained. We expect the hiking phase to begin next week, with the RBNZ likely to raise rates by 25 basis ... More >>

NZ employment strong: domestic boom boosts labour market

Wednesday, 5 February 2014, 5:23 pm | HSBC Bank

New Zealand’s labour market tightened further in Q4. The unemployment rate fell to 6.0% (in line with market expectations), while employment growth rose by a strong +3.0% y-o-y (market had +2.4%). New Zealand's economy is beginning to boom and this ... More >>

RBNZ Observer Update: On hold as still spooked by high NZD

Thursday, 30 January 2014, 1:24 pm | HSBC Bank

The RBNZ left the cash rate unchanged at 2.50% today. The central bank was noticeably more upbeat on the outlook for domestic activity. However, their concern over the high NZD seems to have held them back from hiking rates today. More >>

The RBNZ Observer: A rate hike expected

Friday, 24 January 2014, 4:48 pm | HSBC Bank

New Zealand’s economy is beginning to boom, boosted by the post-earthquake rebuild in Canterbury and strong housing and dairy prices - Growth and inflation are running ahead of the RBNZ’s previous expectations, which we think will trump concerns over ... More >>

NZ inflation rising: case for a near term hike strengthens

Tuesday, 21 January 2014, 5:34 pm | HSBC Bank

New Zealand’s Q4 CPI print surprised the market on the upside, rising by +0.1% q-o-q (market -0.1%). For the year, CPI inflation was +1.6% (market +1.5%). Annual inflation was at its fastest rate in 7 quarters. The lift in inflation is consistent ... More >>

Australia: Further deterioration of fiscal bottom line

Tuesday, 17 December 2013, 5:25 pm | HSBC Bank

Today’s mid-year fiscal update – the first from the new government – showed a further deterioration in the fiscal position, with a deficit of -3.0% of GDP expected for 2013/14 (previously -1.9%). Looser short term fiscal policy will support growth, ... More >>

Fiscal consolidation remains on track

Tuesday, 17 December 2013, 5:24 pm | HSBC Bank

Today’s half year fiscal update reported an improvement in New Zealand’s fiscal outlook. A stronger economy is expected to boost tax revenues. At the same time, the government has maintained restraint on the spending side, continuing to project ... More >>

HSBC Research_RBNZ Observer Update

Thursday, 12 December 2013, 12:15 pm | HSBC Bank

The RBNZ left its cash rate unchanged at 2.50%. The RBNZ clearly signaled a tightening bias, although the statement was quite cautious. While they steepened the slope of their profile for the interest rate outlook slightly, they still expect that the ... More >>

Watching the AUD and housing market

Friday, 27 September 2013, 11:32 am | HSBC Bank

- The RBA is likely to continue to be concerned about the high AUD, particularly given it has rallied in the past month More >>

Drought is a drag, but we expect strong domestic demand

Friday, 13 September 2013, 11:31 am | HSBC Bank

New Zealand Q2 GDP Preview: Drought is a drag, but we expect strong domestic demand More >>

RBNZ Observer Update

Thursday, 12 September 2013, 11:33 am | HSBC Bank

The RBNZ left its cash rate unchanged at 2.50%, as expected. Stronger inflation pressure has seen the central bank revise up its projections for 90-day rates, with the RBNZ now expecting to lift rates in H1 2014. With inflation pressures rising, the RBNZ ... More >>

HSBC offers low one-year fixed home loan rate in NZ

Tuesday, 10 September 2013, 2:48 pm | HSBC Bank

Glen Tonks, HSBC’s new Head of Retail Banking and Wealth Management in New Zealand, has announced that the bank has reduced its HSBC Premier one-year fixed home loan rate by 24 basis points to 4.75% per annum. More >>

HSBC Research_Asian FX: Running For Cover

Thursday, 29 August 2013, 11:43 am | HSBC Bank

Despite US treasury yields having stabilised in the last week, Asian currencies have remained under significant pressure, whereas G10 currencies have, by and large, been more resilient. What is it that still makes EM Asian currencies so particularly vulnerable? ... More >>

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