HSBC Bank - Latest News [Page 1]

Hiked again, but short pause now expected

Thursday, 24 July 2014, 1:22 pm | HSBC Bank

The RBNZ hiked its cash rate by another 25bp to 3.50%, as expected. As noted in the statement, the economy continues to grow at an above trend pace and, although inflation is low, for now, they expect domestically-produced inflation to pick-up. Today's ... More >>

Australia's growing links to Asia: Powering growth

Monday, 21 July 2014, 10:30 am | HSBC Bank

Strong ties to Asia have been a key driver of Australia’s relative economic success in recent years. In our view, this story is not over yet. Trade links are still growing, with a further ramp-up in exports of iron ore, coal and liquified natural gas on ... More >>

The RBNZ Observer: Expect another 25bp hike next week

Monday, 21 July 2014, 10:22 am | HSBC Bank

New Zealand is booming. Q1 GDP rose by a strong +3.8% y-o-y and timely indicators suggest that this pace probably continued into Q2. The GDP numbers, which were released since the last RBNZ announcement, confirmed that construction activity has been a ... More >>

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

Wednesday, 16 July 2014, 1:24 pm | HSBC Bank

HSBC New Zealand, the global bank for New Zealanders, announces that it has reduced its HSBC Premier three-year fixed home loan rate by 0.4% to 5.85% per annum. This is the lowest three-year fixed residential mortgage rate currently being offered ... More >>

New Zealand's CPI still contained, but another hike likely

Wednesday, 16 July 2014, 1:20 pm | HSBC Bank

New Zealand's inflation has remained surprisingly contained, with today's Q2 CPI lower than the market expected. The CPI rose by +1.6% y-o-y in Q2 (market had +1.8%), so remains in the lower half of the RBNZ's 1-3% target band. More >>

Being RMB-Ready Gives Competitive Advantage in China Trade

Tuesday, 15 July 2014, 1:38 pm | HSBC Bank

***Perceptions gap highlights potential leaders and laggards as trading nations strive to boost China exports*** More >>

New Zealand GDP Strong:Construction boom ramps up & broadens

Thursday, 19 June 2014, 12:51 pm | HSBC Bank

New Zealand's GDP print was strong for Q1 and broadly in line with the market expectation. GDP was estimated to have risen by +1.0% in Q1 and +3.8% y-o-y (market had +3.7%). The key driver of growth in the quarter was construction, which has been supported ... More >>

RBNZ Observer Update: Hiked again and there's more to come

Thursday, 12 June 2014, 2:53 pm | HSBC Bank

The RBNZ lifted its cash rate by another 25bp to 3.25% today, as expected. The economy is booming and despite a high NZD the central bank needs to continue to shift its rate setting back towards normal. Notwithstanding some recent signs of slowing in ... More >>

The RBNZ Observer: Expect another 25bp hike next week

Friday, 6 June 2014, 2:52 pm | HSBC Bank

Timely indicators continue to suggest that New Zealand's economy is growing at an above trend pace - Despite recent falls in dairy prices and signs of some cooling in the housing market the overall momentum in growth remains strong - We expect another ... More >>

HSBC NZ cuts its 3 year-fixed home loan rate

Friday, 16 May 2014, 4:04 pm | HSBC Bank

HSBC NZ cuts its 3 year-fixed home loan rate to a market-leading 5.99% pa More >>

Boom helps deliver balanced budget

Thursday, 15 May 2014, 3:52 pm | HSBC Bank

The New Zealand government has presented the first fiscal surplus in six years, as expected, at $NZ0.4bn in 2014/15 (+0.2% of GDP). The surplus is projected to rise further from there, to $NZ1.3bn in 2015/16 and $NZ2.4bn in 2016/17. This will limit ... More >>

NZ employment booming, but RBNZ still wants lower NZD

Wednesday, 7 May 2014, 2:56 pm | HSBC Bank

New Zealand’s labour market posted further improvement in Q1, with employment growth now running at a strong +3.7% y-o-y (market had +3.4%). The unemployment rate remained steady at 6.0% (market had 5.8%) reflecting a solid rise in participation. Overall, ... More >>

HSBC still offering lowest fixed bank home loan rates in NZ

Monday, 5 May 2014, 12:56 pm | HSBC Bank

HSBC still offering lowest 1 and 2 year-fixed bank home loan rates in NZ More >>

Asia Economics Comment: Decoupling, still

Tuesday, 29 April 2014, 12:44 pm | HSBC Bank

Last week brought several painful reminders that stronger growth in the West isn't providing much of a lift to Asia. Over the coming days, expect the data to reinforce that message. Asian exports, including Japan's, have so far failed to respond convincingly ... More >>

Why Korea will not be "the next Japan"

Tuesday, 29 April 2014, 12:42 pm | HSBC Bank

Korea is the envy of aspiring industrial nations. Its economy has grown 1,800% since 1980, over three times faster than the global rate. Now the 15th largest economy in the world, Korea is the first non-European OECD member to switch from being an ... More >>

Another hike delivered, with more to come

Thursday, 24 April 2014, 10:44 am | HSBC Bank

The RBNZ increased its cash rate by +25bp to 3.00% today, as expected. The economy is picking up strongly and the RBNZ has continued on a path to return rates to more normal levels, to keep inflation contained. The central bank kept the prospect of ... More >>

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 >>



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