Find financial news and analysis across NZ and Australia.
15 results for “anz”
ANZ New Zealand faces a potential $125 million payout after the High Court ruled the bank breached the Credit Contracts and Consumer Finance Act. The judgment affects 17,000 customers following a coding error in loan variation letters between 2015 and 2016.
New Zealand business confidence fell to -10.6 in April 2026 as record fuel price hikes following Middle East conflict impacted profit expectations and inflation outlooks.
New Zealand business confidence plummeted to -10.6 in April 2026, a 43-point swing from March, as Middle East conflict and fuel supply disruptions trigger a sharp cost shock.
Auckland's median house price dipped 0.1% to just over $1.04 million in April 2026, contrasting with a 0.1% national increase. High inventory and looming OCR hikes continue to weigh on NZ's largest property market.
The Reserve Bank of Australia has raised the official cash rate to 4.35 per cent to combat 4.6 per cent inflation. Major banks including CBA, NAB, ANZ, and Westpac will pass on the full 0.25 per cent increase to mortgage holders.
New Zealand's Q1 2026 employment data is set for release on May 6, with analysts forecasting an unemployment rate between 5.4% and 5.5%.
New Zealand's national median property value rose slightly to $809,101 in April, but a 0.1% decline in Auckland and Wellington highlights a widening regional divide as the RBNZ maintains a hawkish stance.
While national home values rose 0.6% in March 2026, Sydney and Melbourne house prices have entered a quarterly decline as Perth surges 5.7% to record highs.
New Zealand achieved a merchandise trade surplus of NZD 0.70 billion in March 2026, a significant turnaround from the previous year's deficit. Record exports of NZD 7.9 billion were driven by strong demand for precious metals and fruit.
New Zealand's property market is bracing for a 2% price decline in 2026, reversing earlier growth forecasts. Rising mortgage rates and record-high inventory levels are driving the shift toward a buyer's market.
The S&P/ASX 200 Index dropped 1.51% on Friday, wiping $50 billion in value as US-Iran hostilities pushed Brent crude oil above $100 a barrel. Major banks and energy stocks fell sharply amid renewed global inflation fears and concerns over future RBA interest rate hikes.
The NZX 50 index closed at 13,175 points on Friday, May 8, 2026, marking a daily decline of 0.72%. Despite the fall, the market secured a 1.7% weekly gain and remains up 4.52% over the past year.
Westpac Banking Corporation reported a statutory net profit of A$3.4 billion for the first half of 2026, as strong lending growth was offset by a decline in net interest margins to 1.89%.
Bank of New Zealand has increased its 18-month, two-year, and three-year fixed housing interest rates by 10 basis points, effective May 5, 2026. These adjustments come as the bank navigates rising wholesale costs and a 37.9% decrease in half-year statutory net profit.
Australia's 2026 economic outlook remains cautious, with the IMF projecting 2.0% GDP growth and inflation hitting 4.0%. As the RBA prepares for further rate hikes, consumer sentiment has fallen to near-record lows.