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BNZ - Latest News [Page 49]
Small Increase In Variable Mortgage Rate
Tuesday, 9 December 2003, 10:30 am | Bank of New Zealand
The Bank of New Zealand today announced a small increase in its variable rate for residential mortgages. The increase will affect about one third of Bank of New Zealand mortgage customers. The remainder of the bank's residential customers - about 70% ... More >>
Support for Kiwi Recovery Redoubled in 2003
Monday, 8 December 2003, 11:17 am | Bank of New Zealand
Bank of New Zealand has redoubled its support, in 2003, for efforts to save the kiwi. More >>
BNZ Internet Banking Service For SMEs
Thursday, 27 November 2003, 1:59 pm | Bank of New Zealand
Bank of New Zealand has launched an Internet Banking service that is specifically targeted to the small to medium business market. More >>
Bank Of New Zealand Announces Strong Profit Result
Tuesday, 11 November 2003, 11:12 am | Bank of New Zealand
Bank of New Zealand today announced a strong underlying profit result of $562 million for the financial year ending 30 September 2003. This represents an increase of 9% in underlying profit over the previous year, and reinforces the fundamental strength ... More >>
Resolving tax values in investment funds
Wednesday, 30 July 2003, 10:58 am | Bank of New Zealand
BNZ Investment Management Limited (BNZIM) has identified incorrect tax values in five of its investment funds that affect the total asset values of each fund. More >>
Growth Prospects Deteriorate Slightly
Friday, 23 May 2003, 9:32 am | BNZ Weekly
News of the week this week just has to be the fall in the US dollar following the US Treasury Secretary’s comments at the G7 Finance Ministers meeting in France over the weekend, and the resulting rise in the NZD through US 58 cents. The range US ... More >>
Labour Market Strong Despite Unemployment Rise
Monday, 12 May 2003, 7:59 am | BNZ Weekly
For those without economics degrees this is a simple guide to something significant which happened in the world of economics today that has relevance to the person on the street. More >>
Negative Factors Dominate
Friday, 9 May 2003, 9:08 am | BNZ Weekly
Its time for a run-through of the factors in play for the NZ economy this year, the majority of which fall on the negative side but enough of which are positive to keep the economy growing at or above 2%. First the things causing growth to slow down. More >>
Businesses Very Worried
Friday, 11 April 2003, 8:52 am | BNZ Weekly
Last week we ran through a long list of reasons why growth in the NZ economy will slow this year from the above average pace of 4.4% achieved over 2002 toward something between 2% and 2.5%. This week we have the quarterly survey from the NZIER to strongly ... More >>
Retail Spending Receives Americas Cup Boost
Tuesday, 8 April 2003, 12:36 am | BNZ Weekly
For those without economics degrees this is a simple guide to something significant which happened in the world of economics today that has relevance to the person on the street. More >>
NZ Growth To Slow Down - BNZ Weekly Overview
Thursday, 3 April 2003, 9:14 am | Bank of New Zealand
The view we have held for a long time now has been that the strong growth in the NZ economy achieved over 2002 would not be sustained over 2003. Our expectation has been for growth slowing from the officially reported 4.4% over 2002 to about 2.5% ... More >>
Yet Another Electricity Crisis
Friday, 28 March 2003, 9:43 am | BNZ Weekly
The chances are everyone is reading more than enough about the war in Iraq at the moment, the uncertainty about the timing of its ending and the impact on the world economy. So in the presence of so much uncertainty lets have a look at what was always ... More >>
NZ Growth Was Strong – But Big Slowdown Ahead
Friday, 28 March 2003, 12:54 am | BNZ Weekly
Statistics NZ released data showing the NZ economy officially grew by 0.8% during the December quarter which is right on the long term average growth of 0.8% per quarter. In the entire 2002 year growth was 4.4% versus a ten year average of 3.5%. Growth ... More >>
Interest Rates Jump Up
Monday, 24 March 2003, 8:21 am | BNZ Weekly
This week’s WO is shorter than usual for three reasons. One, at the time of writing this on Thursday afternoon we still did not know if war had started as such. Two, we’ve been busy with lots of work on. Three, its hard to say anything in the current ... More >>
World Growth Prospects Still Dimming
Monday, 17 March 2003, 2:15 pm | Bank of New Zealand
Consensus Economics based in London released the results of their monthly survey of a few hundred economists around the world on how they feel their economies will grow. On average this year our top 14 trading partners are expected to grow 2.7% ... More >>
World Growth Prospects Dimming
Friday, 14 March 2003, 8:59 am | BNZ Weekly
In a few days time we will get updated forecasts for growth in our top 14 trading partners from the Consensus Economics regular survey of a few hundred economists around the world. Given some of the data released overseas in the past few weeks ... More >>
Retail Trade Sector Weakening
Tuesday, 11 March 2003, 11:54 am | BNZ Weekly
Statistics New Zealand released monthly data showing sales by various types of shops and an overall retail sales number. The data can be highly volatile on a monthly basis and at the regional level not reliable at all for just one month. The quarterly ... More >>
Should You Hedge Against A Rising NZD?
Friday, 7 March 2003, 8:50 am | BNZ Weekly
The NZ dollar has risen some 31% against the US dollar over the past year and 12% against the Australian dollar. Now that this big move has occurred exporters are asking whether they should hedge against further rises. This follows the emotive ... More >>
No Interest Rate Yet - Laymans Guide To MPS
Thursday, 6 March 2003, 9:40 am | Bank of New Zealand
For those without economics degrees this is a simple guide to something significant which happened in the world of economics today that has relevance to the person on the street. More >>
Migration Bounces Back Up Again
Monday, 3 March 2003, 11:53 am | BNZ Weekly
Monthly data on migration flows and tourism numbers were released by Statistics NZ. The past few months have been showing a steady slowing in the pace of rise in the net addition to our population from migrant flows, leading to forecasts of falling ... More >>
