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HSBC Bank - Latest News [Page 2]
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 >>
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 >>
