It said it was increasing a number of its fixed-term home loans.
New Zealand
3:16pm
Electricity prices, which were up 12.5%, contributed the most to the annual inflation rate, Stats NZ said.
Business
11:21am
1:30
Supermarket giant Woolworths will defend its discounting regime in Australian court against consumer watchdog claims it used fake discounts to mislead customers despite higher prices.
8:09am
The unemployment rate among New Zealand’s 15- to 24-year-olds is around 15% – roughly triple that of the wider working-age population.
6:00am
The agency said it had identified 355,000 unique users, who had collectively undertaken around 57 million transactions with a total value of $36 billion.
Monday 12:26pm
The official signing would trigger the formal legislative process, with the full text of the agreement and a national interest analysis to be tabled in Parliament.
Politics
Monday 9:13am
The national day of remembrance held annually on the 25th looks a little different this year as it falls on a Saturday.
Monday 6:00am
Unpaid work made up the bulk of the contribution, exceeding $20 billion per year.
Sat, Apr 18
Data shows total fuel spending in March was just over $580 million – about 10% higher than a year earlier.
US stocks also raced toward another record following Iran's announcement.
The mortgage rate party is over. Here's what to do next.
Life
Stats NZ data shows fuel prices distorting consumer spending as households trimmed discretionary spending to cover higher fuel bills.
Fri, Apr 17
Westpac has announced it will be increasing some of its home loan and term deposit rates from the start of next week.
Before war broke out in the Middle East, benchmark oil prices hovered in the range of US$70–80 a barrel for much of the past two decades.
Allbirds, the eco-friendly shoe brand co-founded by an ex-All White which found its way onto the feet of tech CEOs and movie stars before falling on hard times, is pivoting to artificial intelligence.
Thu, Apr 16
It comes amid concerns about rising inflation as the war in the Middle East continues.
Tue, Apr 14
As cost-of-living prices sting at the register, wellbeing experts highlight some savings strategies that may help stretch your shop.
Chief property economist Kelvin Davidson said lower house prices and reduced mortgage rates have helped first home buyer activity, among other factors.
The country counted 59.7 days of petrol, 49.1 days of diesel and 50.7 days of jet fuel as part of its stocks when the data was recorded at 11.59pm last Wednesday.
Mon, Apr 13
But it also said it only expected the rate to lift to 3%, from 2.25% currently - not the 3.5% it expected previously.
Peace talks between the US and Iran are underway in Pakistan, but on the other side of the world New Zealand is operating in an environment of uncertainty.
Sun, Apr 12
Experts said when food becomes a status symbol, it says a lot about the state of the wider economy.
World
Last month Tiaki Wai released a set of projected charges - including bills of up to $6800 per year in a decade for residents - as it tries to upgrade old, failing infrastructure.
Sat, Apr 11
Analysis: 1News Business Correspondent assesses the early months of Reserve Bank Governor Anna Breman's term in office.
Wholesale rates have been pushing higher on the expectation that interest rates might need to rise to combat inflation caused by the Middle East conflict.
Fri, Apr 10
