Find financial news and analysis across NZ and Australia.
10 results for “kiwibank”
A proposal to buy back the Bank of New Zealand from National Australia Bank has reignited calls for structural reform in a sector where four banks control up to 85% of the market.
New Zealand First has announced plans to automatically enrol newborns in KiwiSaver with a $1000 contribution and buy back BNZ to create a new state-owned national bank.
New Zealand financial markets are pricing in several 25 basis point OCR hikes as inflation remains at 3.10%, despite a significant divide among major bank economists regarding the timing of future increases.
The inaugural State of Competition report identifies financial and insurance services as industries with the weakest competitive pressure, highlighting a 916% rise in insurance premiums since 2000.
The Reserve Bank of New Zealand's latest survey shows one-year inflation expectations have surged to 3.41%, the highest in years, signaling a likely OCR hike in July.
Investment scam losses in New Zealand more than doubled to $81,500 in April 2026, with the average loss per victim surging to over $20,000 as deepfake technology becomes more prevalent.
New Zealand's unemployment rate fell to 5.3% in the first quarter of 2026, outperforming economist expectations of 5.4%. While employment rose by 0.2%, the participation rate saw a slight decline to 70.4%.
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.
New Zealand's FMA and Westpac NZ have issued a major alert following a spike in AI-driven deepfake scams. With 64% of bank fraud now originating on social media, authorities are calling for greater platform accountability.
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.