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Westpac New Zealand - Latest News [Page 2]
Households Feeling A Little More Festive, But Still Planning On A Frugal Little Christmas.
Monday, 18 December 2023, 8:43 am | Westpac New Zealand
Westpac McDermott Miller Consumer Confidence, December quarter 2023 The Westpac McDermott Miller Consumer Confidence Index rose 8.7 points in December to a level of 88.9. While that’s still well below average, the rise in confidence in recent ... More >>
Westpac NZ Steps Up Efforts To Stop Abusive Payments
Monday, 27 November 2023, 9:32 am | Westpac New Zealand
Westpac NZ has updated its banking terms and conditions to help protect customers from abusive language in payments. Today is International Economic Abuse Awareness Day, and Westpac NZ Manager of Customer Vulnerability and Financial Inclusion Louisa ... More >>
Westpac Economic Overview, August 2023 – The Great Rebalancing?
Thursday, 10 August 2023, 6:21 am | Westpac New Zealand
Westpac has just released its latest Economic Overview. “Several imbalances are clearly evident in the New Zealand economy,” noted Chief Economist Kelly Eckhold. “Most fundamentally, while growth is slowing, the economy is running above its ... More >>
Tourism – Leveraging Future Opportunities
Friday, 21 July 2023, 6:22 am | Westpac New Zealand
Tourism businesses that improve their adaptability will have a better chance of setting themselves up for long-term financial success, according to a report by Westpac’s Economics team. Westpac’s Industry Economist Paul Clark says that as the tourism ... More >>
Employment Confidence Up In March, But Past Its Peak
Wednesday, 29 March 2023, 9:11 am | Westpac New Zealand
Westpac McDermott Miller Employment Confidence, March quarter 2023 The Westpac McDermott Miller Employment Confidence Index (ECI) rose by 1.5 points to 109.5 in the March quarter. The Index remains below the recent peak of 115.2 that was reached in the ... More >>
Employment Confidence Up In March, But Past Its Peak
Wednesday, 29 March 2023, 9:11 am | Westpac New Zealand
Westpac McDermott Miller Employment Confidence, March quarter 2023 The Westpac McDermott Miller Employment Confidence Index (ECI) rose by 1.5 points to 109.5 in the March quarter. The Index remains below the recent peak of 115.2 that was reached in the ... More >>
Westpac McDermott Miller Consumer Confidence, March Quarter 2023
Wednesday, 22 March 2023, 9:14 am | Westpac New Zealand
The mood among New Zealand households remains grim. The Westpac McDermott Miller Consumer Confidence Index rose 2.1 points to 77.7 in March. However, that’s a fairly small rise after confidence fell to record lows last quarter. The number of New Zealanders ... More >>
Westpac NZ Increases Financial Support To Community Law Centres O Aotearoa
Tuesday, 14 March 2023, 11:43 am | Westpac New Zealand
Westpac NZ is boosting its financial support for Community Law Centres o Aotearoa (CLCA) to provide greater certainty and enable community law centres to help more vulnerable clients. By law, funds held in solicitors’ nominated trust accounts ... More >>
Westpac NZ Increases Cyclone Gabrielle And Flooding Support To $4 Million
Thursday, 23 February 2023, 7:39 am | Westpac New Zealand
Westpac NZ has increased its financial support to customers and communities affected by Cyclone Gabrielle and earlier flooding to more than $4 million. Westpac NZ chief executive Catherine McGrath says the scale of the destruction in the Hawke’s Bay, ... More >>
Building Houses In New Zealand – Simpler, Better, And Faster
Friday, 3 February 2023, 5:28 am | Westpac New Zealand
Westpac’s Industry Economist Paul Clark says that with the economy set to slow over the coming year, the building industry not only needs to get its financial house in order but should also be positioning itself for sustainable long-term sources ... More >>
From ‘Squeeze’ To ‘Crush’ – Households’ Finances And Rising Interest Rates
Wednesday, 18 January 2023, 7:00 am | Westpac New Zealand
Households’ finances are being squeezed. As discussed in Westpac’s latest Economic Bulletin “ From squeeze to crush” those pressures are coming on several big fronts. High levels of inflation are eroding our spending power. Borrowing costs are pushing ... More >>
Westpac Offers Thousands Of CPR Rescue Rashies To Combat Rising Drowning Numbers
Monday, 21 November 2022, 9:34 am | Westpac New Zealand
Westpac NZ is helping Kiwi families to stay safe around the water this summer, by providing rash vests that unzip to reveal clear CPR instructions. Westpac Rescue Rashies are designed to fit children aged 2 to 8. They provide potentially life-saving ... More >>
Westpac Economic Overview, November 2022 – No Easy Way Down
Tuesday, 15 November 2022, 5:34 am | Westpac New Zealand
Mounting pressure on domestic prices and wages means that the odds of a soft landing for the New Zealand economy are getting slimmer, according to Westpac’s latest Economic Overview . Persistently high inflation means that the Official Cash Rate ... More >>
Wholesaling In New Zealand – Pushing The Digital Limits
Monday, 17 October 2022, 4:59 am | Westpac New Zealand
Digital technologies and rising customer expectations are set to transform New Zealand’s wholesale sector over coming years, according to new research from Westpac’s economics team. New Zealand has over 16,700 wholesale firms, which generated sales of $138bn ... More >>
Jobs Plentiful, But Workers Aren’t Seeing The Money
Wednesday, 28 September 2022, 9:12 am | Westpac New Zealand
Westpac McDermott Miller Employment Confidence, September quarter 2022 The Westpac McDermott Miller Employment Confidence Index (ECI) rose by 6.7 points to 115.2 in the September quarter. This is the highest level for the index since June 2019. “Perceptions ... More >>
Westpac Economic Overview, August 2022 – Pushing Through
Tuesday, 16 August 2022, 5:21 am | Westpac New Zealand
The New Zealand economy faces some lean growth in the year ahead as households’ budgets are squeezed, according to Westpac’s latest Economic Overview . “An overstimulated economy in the wake of the Covid shock has led to the most serious bout of inflation ... More >>
Westpac Economic Overview, May 2022 – The Right Amount Of Pressure
Tuesday, 17 May 2022, 5:52 am | Westpac New Zealand
Westpac’s quarterly Economic Overview finds that economic growth is set to slow both in New Zealand and around the world, as central banks come to terms with what’s needed to bring inflation under control. “The challenge the Reserve Bank faces ... More >>
Westpac NZ Supports Savers With Across-the-board Term Deposit Increases
Thursday, 3 February 2022, 3:44 pm | Westpac New Zealand
Westpac NZ is raising term deposit rates to support savings customers, including a new 12-month rate of 2.40% that’s the highest among the major banks. The rate changes will take effect on Friday 4 February, giving Westpac the highest or joint-highest ... More >>
Westpac NZ Warns Of Scam Targeting Chinese Bank Customers
Friday, 28 January 2022, 12:37 pm | Westpac New Zealand
Westpac NZ is warning New Zealanders to look out for a so-called “penalty scam” that is particularly targeting Chinese customers. Westpac NZ Head of Financial Crime Mark Coxhead says his team is seeing an increase in threat and penalty scams, in ... More >>
Westpac NZ Warns About Sophisticated New Scam
Tuesday, 18 January 2022, 2:34 pm | Westpac New Zealand
Westpac NZ is warning New Zealanders about a sophisticated new scam that involves a fake Westpac investment prospectus. The prospectus is formatted to resemble a Westpac document and includes professional-looking imagery. Westpac NZ Chief Risk Officer ... More >>
