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HSBC Bank - Latest News [Page 3]
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 >>
LVR restrictions adopted, but will they work?
Tuesday, 20 August 2013, 5:57 pm | HSBC Bank
The RBNZ today announced restrictions on high loan-to-value ratio (LVR) lending to cool the housing market. However, we expect these restrictions will have only a minor impact with the expected boost to demand from the recent rise in inward migration ... More >>
LVR restrictions adopted, but will they work?
Tuesday, 20 August 2013, 5:29 pm | HSBC Bank
The RBNZ today announced restrictions on high loan-to-value ratio (LVR) lending to cool the housing market. However, we expect these restrictions will have only a minor impact with the expected boost to demand from the recent rise in inward migration ... More >>
Asia Economics Comment - Still Squeezed
Tuesday, 20 August 2013, 4:40 pm | HSBC Bank
It's true. Recent data has been a bit more re-assuring. China, possibly helped by some quiet stimulus, may be stabilizing. And yet, the region's financial squeeze continues. Bond yields have pushed higher again of late, partly in sympathy to rates ... More >>
House price boom a worry for authorities
Thursday, 1 August 2013, 11:51 am | HSBC Bank
New Zealand's established housing market is booming. A combination of low policy rates and supply-side constraints in Auckland and Canterbury has supported a rapid rise in housing prices and a solid pick-up in turnover. Inward migration is also ... More >>
On hold for now, but growth is picking up
Monday, 22 July 2013, 6:49 pm | HSBC Bank
- Inflation is currently low, as it has been held down by a high NZD; but, looking forward, we expect inflation to rise, given strengthening local growth and the recent fall in the NZD More >>
New Zealand CPI still low: Held down by a high NZD
Tuesday, 16 July 2013, 4:27 pm | HSBC Bank
- Headline CPI increased +0.2% q-o-q and +0.7% y-o-y, slightly below market expectations (market and RBNZ had +0.3% q-o-q, +0.8% y-o-y) - Tradable inflation remains subdued, falling -1.6% for the year. Non-tradable inflation sat slightly below average rates, ... More >>
HSBC announces market leading longer home loan fixed term
Friday, 31 May 2013, 5:37 pm | HSBC Bank
HSBC has welcomed a large number of new customers over the last three months, the result of its very successful home loan campaign* and has noted that both existing and new customers are leaning towards two and three year fixed term home loans. Over ... More >>
NZ’s lowest fixed three year rate in a decade
Wednesday, 27 February 2013, 10:55 am | HSBC Bank
The end of summer is fast approaching, but HSBC Premier is keeping spirits up by dropping its three year home loan rate by 75 basis points to 4.99% per annum – the lowest rate offered by a New Zealand bank in at least a decade.* More >>
RMB Maturing as Cross-Border Usage Broadens
Wednesday, 7 November 2012, 11:38 am | HSBC Bank
7 November 2012 RMB Maturing as Cross-Border Usage Broadens, Says HSBC Survey **41% Chinese corporates willing to offer discounts of up to 3% on trades in RMB***. ***Chinese corporates expect one-third of China’s trade to be settled in RMB by 2015*** ***RMB ... More >>
HSBC Announces Market Leading Fixed Term
Monday, 24 September 2012, 4:35 pm | HSBC Bank
HSBC Premier is welcoming spring with a new six month fixed home loan interest rate of 4.85% per annum, the lowest rate currently available in the New Zealand home loan market*. More >>
