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The Latest Breaking News from ANZ

Heading west and online: China's consumer explosion

China's growth may be slowing, but its economy is still forecast to expand by $US1.1 trillion a year. NZ companies want in. Nikki Mandow reports.

Newsroom.co.nz

Easing global inflation story takes pressure off rates

Moderating inflation around the world could help the Reserve Bank build the case for an extended pause on interest rates.

AAP

History's bitter lesson: Interest rates hikes aren't over till they're over

The Reserve Bank has called a halt to interest rate rises. But pre-GFC pauses were followed by renewed hikes.

Newsroom.co.nz

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Reserve Bank's meat is retailers' poison

Not everyone will be pleased the RBNZ's drastic measures to cool the economy appear to be working, reports Nikki Mandow

Newsroom.co.nz

Where to next for the Australian economy, the RBA – and Philip Lowe?

The Reserve Bank governor will soon find out if his term has been extended – but economic hints from major banks tell a happier story than expected

The Guardian - AU

Mortgage-holders running out of cost-cutting ideas

The proportion of borrowers struggling to meet their repayment is rising, with the prospect of another interest rate hike in July adding to pressures.

AAP

Renter confidence returns to all-time lows

Low vacancy rates and high demand for housing are sending rents sky-high and weighing heavily on the confidence of renters.

The New Daily

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The mystery of NZ's weekday-only digital banking system

The world has had phone banking for almost 40 years; internet banking has been ubiquitous for 20 years. Computers don’t operate solely Monday to Friday. So why on earth is it only in the past couple of weeks that NZ’s payments system has geared up to work weekends?

Newsroom.co.nz

ANZ, Suncorp agree to major investments in Queensland

ANZ is promising to establish a major tech hub in Brisbane while Suncorp says it will establish a new disaster response centre at its headquarters there.

AAP

Consumer confidence plunges to another three-year low

The latest interest rate rise has knocked consumers around and caused sentiment to sink closer to levels last seen at the start of the pandemic.

The New Daily

Teammates retire together ahead of World Cup

Two Silver Fern and Magic teammates decide to retire at the same time, one forsaking possible World Cup selection. Sarah Cowley Ross finds out why.

Newsroom.co.nz

Growth report likely to reveal an economy losing steam

Economic activity is expected to slacken further as higher interest rates and gloomy global conditions persist. The national accounts for the March

The New Daily

‘Razor’s edge’: Duelling futures for mortgage bills as RBA mulls June interest rates hike

The RBA will decide this week whether to raise mortgage bills for millions of Australian families again, or deliver a June reprieve and pause interest

The New Daily

White-knuckle wait for Tuesday’s latest RBA interest rate decision

Another close interest rate call is looming for the Reserve Bank amid persistent inflation and stagnant productivity growth

The New Daily

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The New Daily

Fair Work Australia to rule on minimum wage, paid to millions of Australians

Millions of Australians on award and minimum wages are poised to find out how much more they will be paid. But economists warn a too-generous rise could

ABC News

Why Australian households are divided when it comes to financial pressure, and economists are divided on the outlook

Economists are divided on how well households will weather the storm of rent rises, soaring home loan rates and rising prices, just as Australians are divided in how much financial pressure they're under.

The New Daily

Consumers have their most pessimistic month since 1990

Interest rate hikes and the lack of real wage growth continue to hit Australian consumers hard and keep confidence subdued.

ABC News

Family living in one room as new report shows 'extreme' rental stress gripping New South Wales

A new report from ANZ and CoreLogic shows since the pandemic rental prices have increased dramatically, and low-income earners would need to spend more than half their pay to secure a rental property.

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news in one place.

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ABC News

PwC stands down nine partners, chairman exits over tax scandal, ASX gains on US debt ceiling deal optimism — as it happened

After posting a weekly fall, the Australian share market has jumped at the start of trading, ahead of inflation data and the RBA governor speaking this week. Look back on the day's events and insights from our business reporters on the ABC News markets blog.

The New Daily

Rents to income levels reach near decade highs

Rental demand is fast outrunning supply and low-income households are bearing the brunt of the rental affordability crisis, analysis shows.

The Guardian - AU

Australia’s rental affordability drops to worst levels in nearly a decade

New report shows average households are spending a third of income on rent while lower income families pay more than half their earnings

The Guardian - AU

I bought my first home in Australia aged 26. How? A combination of privilege and inheritance

Young people don’t lack the motivation or financial skills to buy a house, they simply lack the money. Parental support often is the only way

The New Daily

Chalmers defends budget’s ‘meaningful’ help amid split on interest rate risks

Treasurer Jim Chalmers has defended his second budget as offering "meaningful relief to households" – while not contributing to inflation.

The New Daily

ANZ’s profit soars but CEO warns challenges ahead

Australia's third-largest bank has delivered a strong performance for the six months to March but warned of a difficult six months ahead.

ABC News

Which banks have passed on the May RBA rate rise to mortgage borrowers? NAB kicks it off, as ANZ follows

Here is a breakdown of which major banks have responded to the RBA's decision, and which ones we're still waiting on.

1 … 6 7 8 9

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