Kiwibank - Podcast Details

Shows

The Mike Hosking BreakfastSam Stubbs: Simplicity Founder on Kiwibank being allowed to raise $500 million in capital to compete with the major banksThere's a belief it's going to be a long journey to get Kiwibank into the ring with the big leagues. Finance Minister Nicola Willis has announced the bank's parent company is being allowed to raise $500 million from investors to help it compete with the four major banks. Simplicity founder Sam Stubbs says Kiwibank will need more capital over time. He told Mike Hosking if the country has five banks making profits, at least one will re-invest in KiwiSaver. Stubbs says it'll bring pricing pressures into the market, which there's very little of r...2025-07-3002 min

Heather du Plessis-Allan DriveNicola Willis: Finance Minister on KiwiBank being given the green light to raise an additional $500 millionThe Finance Minister's floating the idea of listing KiwiBank on the stock exchange. Cabinet has given KiwiBank's parent company the green light to raise an extra $500 million. However, Finance Minister Nicola Willis says this won't occur without an electoral mandate. "That will be for individual parties to take a position at the election - but I've been advised that any potential public offering could take place before 2028." LISTEN ABOVESee omnystudio.com/listener for privacy information.2025-07-3004 min

Best of BusinessNicola Willis: Finance Minister on KiwiBank being given the green light to raise an additional $500 millionThe Finance Minister's floating the idea of listing KiwiBank on the stock exchange. Cabinet has given KiwiBank's parent company the green light to raise an extra $500 million. However, Finance Minister Nicola Willis says this won't occur without an electoral mandate. "That will be for individual parties to take a position at the election - but I've been advised that any potential public offering could take place before 2028." LISTEN ABOVESee omnystudio.com/listener for privacy information.2025-07-3004 min

Markets, Mystics and MayhemThe regional divide widens as everything just gets better the further you go south.This has to be our favourite episode yet. Because we're talking about our favourite report - the Regional. From the top of the North Island to the bottom of the South Island, and everywhere in between, we’ve just wrapped up our annual deep dive into economic performance across the country. So how does your region stack up?For the most part, regions are performing better than last year. But they’re still far from their best. The average score across the motu lifted from a 3 out of 10 to 4. Meanwhile the South Island continues to o...2025-07-2924 min

The Sunday Session with Francesca RudkinJarrod Kerr: Kiwibank chief economist on the South Island's economy recovering quicker than the North'sThe South Island seems to be pulling ahead of the North as New Zealand crawls out of the recession. Kiwibank’s latest report reveals economic activity is picking up across most of the country - but recovery remains fragile. It indicates booms in agriculture and tourism have aided recovery in places like Otago and Southland. Kiwibank chief economist Jarrod Kerr says the tide is turning for the economy, but the nature of last year's recession means recovery will take longer than expected. "It's not fast enough for me - the way we'r...2025-07-2704 min

Best of BusinessJarrod Kerr: Kiwibank chief economist on the South Island's economy recovering quicker than the North'sThe South Island seems to be pulling ahead of the North as New Zealand crawls out of the recession. Kiwibank’s latest report reveals economic activity is picking up across most of the country - but recovery remains fragile. It indicates booms in agriculture and tourism have aided recovery in places like Otago and Southland. Kiwibank chief economist Jarrod Kerr says the tide is turning for the economy, but the nature of last year's recession means recovery will take longer than expected. "It's not fast enough for me - the way we'r...2025-07-2704 min

Markets, Mystics and MayhemHeadline heads north. But core matters more.Inflation accelerated over the June quarter. But it wasn’t as bad as many had feared. And context is key. A strengthening in imported inflation is driving headline higher. But domestic price pressures, on balance, continue to cool. It’s all about what’s really going on under the hood of the headline number. So, tune in as we break down the latest Kiwi inflation report. From what’s specifically driving the rise and where price pressures are coming off. Spoiler, it's the Interest rate-sensitive parts of the consumer basket that are notably weak. And that matters for the outlook...2025-07-2221 min

Markets, Mystics and MayhemRBNZ takes a breather. What happens next?After six straight meetings delivering rate cuts, the RBNZ kept the cash rate unchanged at their July meeting. So, what does it all mean? Is this the end of the cutting cycle? Or is it really just a pause? And why pause now? What will influence the August decision?... We’re diving into all the questions you might have following last week’s decision. Policymakers around the globe are still grappling with trade tariffs and the inflationary implications. High uncertainty has forced central banks, from Wellington to Washington, into a wait and see mode. But the RBNZ's bias, rightly rema...2025-07-1528 min

Markets, Mystics and MayhemWhy the mood is up, but momentum isn't? The state of Kiwi businessGreg Byrne, General Manager of Commercial Banking, joins us on this week’s episode to share insights into how Kiwi businesses are faring in the current climate. Optimism for the months ahead continues to grow, but the recession scars are still fresh. Cost pressures have eased but remain elevated. All the while firms' pricing power has diminished. It’s a combination that continues to squeeze and hurt profitability. As Greg points out, the focus for many businesses is squarely on revenue. It’s clear that a sustained recovery in demand has yet to be seen. And it’s why we still...2025-07-0825 min

Markets, Mystics and MayhemA rich tapestry of complicated currency issuesOur Financial Markets Trader, Mieneke Perniskie, joins us on this week’s episode to dive into the world of currency. Recent events and headlines suggest the Kiwi should be in the 50s. Yet here we are with the bird close to breaching 61c. Broader themes are in play. Some are calling it Judgement Day for the US dollar. We discuss why that view is a tad bit dramatic.But it’s not all about the Kiwi dollar (NZDUSD). We also go through how the Kiwi is holding up against the Aussie dollar, Sterling, Euro and Yen.Yo...2025-07-0125 min

Markets, Mystics and MayhemInflation is eye-watering to look throughWe’re seeing a short-term spike in inflation right now. Food prices have reaccelerated, household energy costs are climbing, and rising tensions in the Middle East are pushing around global oil prices . These days it feels like there is cost pressure after cost pressure hitting households and businesses. All while growth is rather lacklustre. The word “stagflation” has been circulating both here at home and in the US. But we’re nowhere near that yet. So, we’re sitting down and talking about the recent lift in inflation and how Central Banks, like the Reserve Bank, should look through these shor...2025-06-2424 min

Markets, Mystics and Mayhem3 mystics, 3 scenarios, and one clouded crystal ball. Revised outlookWe’ve just refreshed our forecasts for the Kiwi economy. And by no surprises, heightened global uncertainty and a likely slowdown in global trade has seen us downgrade our profile for Kiwi growth. So what does that mean for parts of the economy? We unpack our latest forecasts for the housing market, interest rates, inflation, and the labour market. You may be thinking how do you even forecast in times like these? We go through the how, including delving into two alternative paths the Kiwi economy could take. And we explain why forecasting is a very helpful tool precisely in...2025-06-1730 min

Markets, Mystics and MayhemFirms frontload, Fed waits, and friends fall out: a US specialIt’s a US special this week. We know. These days most of our episodes already touch on some aspect of what’s going on over in the States, but this week we’re looking at some of the latest high frequency data out of the US to see how things are holding up amid tariff turmoil and friendship fallouts.We’ve seen a front loading of activity in anticipation of tariffs. And we may now be seeing the start of the unwind. After a surge in imports earlier this year, April saw the sharpest drop in U.S. imp...2025-06-1117 min

Markets, Mystics and MayhemA hawk and a dove at the same time. The RBNZ cuts 25Hawkish here, dovish there. There was a bit of everything in the Reserve Bank's latest Monetary Policy Statement. And we’re delving into all the details...Now, if you just read the statement, the RBNZ’s easing bias was strengthened. The economic forecasts were lowered, and another 25bp rate cut was inserted into the OCR track. But if you listened to the press conference or noted the dissenting 5-1 vote, the RBNZ’s top brass were crystal clear in their clouded uncertainty. So how do we make sense of it? Where to from here? And, how have markets responded? We’re c...2025-06-0419 min

Markets, Mystics and MayhemBehind the scenes and behind the numbers: Budget 2025Ever wondered what it’s like in the day of a life as an economist on a major data release day? Well, consider this week's episode your backstage pass to Budget 2025. We’re talking through our experience at the Budget lock up in Banquet Hall. Everything from our rapid analysis, to even our (sad) lunch experience. We break down Treasury's new forecasts and delve into some of the new policies announced. Set against a challenging backdrop, Budget 2025 revealed an inevitable downgrade to the economic and fiscal outlook. A return to surplus is still achieved, but you’ll need a magnif...2025-05-2727 min

Heather du Plessis-Allan DriveJarrod Kerr: Kiwibank chief economist ahead of the next OCR announcementThe Reserve Bank is set to make another Monetary Policy Statement on Wednesday, and experts have predicted another 25-basis-point cut. The cut, priced in by financial markets and widely expected by economists, would take the OCR to 3.25 percent. Despite this, Kiwibank chief economist Jarrod Kerr believes the Reserve Bank should cut the cash rate down to 3 percent - saying the economy needs stimulus. LISTEN ABOVESee omnystudio.com/listener for privacy information.2025-05-2602 min

Best of BusinessJarrod Kerr: Kiwibank chief economist ahead of the next OCR announcementThe Reserve Bank is set to make another Monetary Policy Statement on Wednesday, and experts have predicted another 25-basis-point cut. The cut, priced in by financial markets and widely expected by economists, would take the OCR to 3.25 percent. Despite this, Kiwibank chief economist Jarrod Kerr believes the Reserve Bank should cut the cash rate down to 3 percent - saying the economy needs stimulus. LISTEN ABOVESee omnystudio.com/listener for privacy information.2025-05-2602 min

Markets, Mystics and MayhemUrgent couriers front run an economy without green shootsThis is an episode you don’t want to miss! We’re joined by Steve Bonnici, Managing Director of Urgent Couriers, for some great insights on the courier and logistics industry and what it tells us about the broader economy. As Steve aptly puts it, rapid delivery services serve as a bellwether for the economy. When the market shifts, they’re the first to experience it. So, what’s the industry signalling for the Kiwi economy? According to Steve and his team, greenshoots are not in sight. Enquiries are low and clients are still price-sensitive. Not quite the signs of a rec...2025-05-2033 min

Markets, Mystics and MayhemAll labour market indicators point to weaknessThis week we’re delving into the details of the latest Kiwi labour market report. The scars of the recession we’ve been through are still raw with every indicator in the unemployment report pointing to weakness. And youth are bearing the brunt of it. We break down the numbers and explore how they’re feeding into the broader inflation outlook. Plus, what it all means for monetary policy. Spoiler: it strengthens the case for more rate relief. Hosted by Jarrod Kerr, Mary Jo Vergara and Sabrina Delgado. Follow our ec...2025-05-1321 min

Best of BusinessJarrod Kerr: Kiwibank chief economist on employment numbers holding steady in latest reportOverall employment's held steady - but the hours people work have notably contracted. In figures out today, the unemployment rate remained unchanged at 5.1 percent in the three months ending March. But total hours worked are down three percent over the year. Kiwibank chief economist Jarrod Kerr says numbers of part time workers are rising, with those working full-time falling. "Businesses are clearly cutting hours to reduce costs and fight their way through what's quite an awkward period, and that's weighing on households." LISTEN ABOVESee omnystudio.com/lis...2025-05-0702 min

Heather du Plessis-Allan DriveJarrod Kerr: Kiwibank chief economist on employment numbers holding steady in latest reportOverall employment's held steady - but the hours people work have notably contracted. In figures out today, the unemployment rate remained unchanged at 5.1 percent in the three months ending March. But total hours worked are down three percent over the year. Kiwibank chief economist Jarrod Kerr says numbers of part time workers are rising, with those working full-time falling. "Businesses are clearly cutting hours to reduce costs and fight their way through what's quite an awkward period, and that's weighing on households." LISTEN ABOVESee omnystudio.com/lis...2025-05-0702 min

Markets, Mystics and MayhemHitting pause. Investment decisions gathering dust on the shelfIn this week’s episode we’re joined by David Moore, Kiwibank's Head of Corporate and Wholesale Credit, to discuss the ongoing uncertain environment. As economists we love to talk through scenarios. We’re always considering the upside and downside risks when forming our view. David however tends to pitch his tent in camp downside...Tune in as we cover the latest on business appetite, credit dynamics, and the evolving risk landscape. Credit availability has and continues to improve. But demand for credit remains subdued with businesses still holding back on borrowing. Amid tariff uncertainty and a potential global slowdo...2025-05-0724 min

Markets, Mystics and MayhemIt’s mayhem, messy and melodramatic in marketsWe’re back after a week off, and we’re still sitting, waiting, wishing for tariff de-escalation. Trade talks remain underway between several countries and the US. But any announcements are yet to be seen. And no one knows if the US trade talks with China have started. Trump says they have. China says they haven’t. We’re stuck in limbo. Time is of the essence, and the clock is ticking. The longer negotiations take, the longer the global economy remains in a heightened sense of insecurity. And the greater the damage to global growth. The IMF has already...2025-04-2917 min

Markets, Mystics and MayhemKiss the ring. Trade talks beginThe US’s reciprocal tariffs have been put on ice for 90 days. Several countries are coming to the negotiating table. It’s still incredibly difficult to say with any certainty what will result. But we take a crack at mapping three possible paths that the global economy could take from here. We unpack what each scenario could mean for the state of our economy, including the implications for central banks, interest rates, and broader global economic growth. Plus, we take a closer look at how markets have reacted so far. From a spike in volatility to a run-up in gold...2025-04-1528 min

McBlog by Bob McCoskrieKiwibank Responds To Claims Of Wokeness... Badly!It appears that the heads of Kiwibank may have been watching McBlog, because they’ve responded to accusations of wokeness – and they’ve actually confirmed just how bad it is. It’s quite an eye opener. If you thought we were over-egging the issue, you’ll see we definitely weren’t.2025-04-1115 min

Markets, Mystics and MayhemLiberation day or obliteration day...it's mayhem in marketsWe’re delving into the aftershock of Trump’s Obliteration, sorry Liberation, Day. Markets are in mayhem with HUGE drops across equities, commodity currencies and interest rates. The so-called reciprocal tariffs were worse than feared, especially for emerging Asia. The focus is now on retaliatory action. And China is already striking back. Things have only just begun. We were joined by Kiwibank Treasurer, Belinda Newman, to help us unpack all the moves in markets. The world as we know it is changing with a hundred years of reducing tariffs, and globalisation now reversing. Hosted by Jarrod Kerr, Mary...2025-04-0822 min

Markets, Mystics and MayhemTariff turmoil drives currency markets. Where will the Kiwi dollar go from here?Our Financial Markets Trader Mieneke Perniskie joins us on this week’s episode to talk all about currency. Our call on the Kiwi hitting 55c played out largely as we had thought. And we’re now looking to an eventual climb to 60c by year end. The here and now though sees the NZD rangebound at current levels with growing global downside risks. But it’s not all about the Kiwi dollar (NZDUSD). We also go through how the Kiwi is holding up against the Aussie dollar, Sterling, Euro and Yen. Hosted by Jarrod Kerr...2025-04-0121 min

Markets, Mystics and MayhemOne last goodbye to 2024. The Kiwi economy crawls out of recessionWe know, we know! Why are we still talking about 2024? Well, we promise this is the last time (maybe). We recently received the latest economic report card. And given it shows us crawling out of recession, we figured it was worth covering the first step in the Kiwi economy’s recovery. We take a closer look at the industries driving growth, as well as those that are still facing challenges. But let's not dwell on almost 3month old data. We're looking ahead. Our attention is now on more recent, higher-frequency data which look promising for a turnaround in activity th...2025-03-2419 min

Markets, Mystics and MayhemPrimary sector pulse picks up: Trade treks higherThis week’s episode is all about Kiwi trade. Specifically, looking at the positive movement we saw in our terms of trade at the end of last year. Higher meat and dairy export prices, strong production, and a favourable NZ dollar should provide a meaningful boost to export earnings and incomes for our farmers and rural regions. Looking to our export services, tourism levels have also edged their way closer to pre-covid levels. We also discuss how the lower Kiwi dollar is adding additional support for our Kiwi exports. And of course, we couldn’t go without touching on the...2025-03-1716 min

Markets, Mystics and MayhemBonus episode: Investing in uncertain times. We navigate with Mike TaylorThe same uncertainty and volatility from Trump 2.0 that is causing big swings in wholesale rates is also wreaking havoc across equities. We were very fortunate to have Mike Taylor, Founder and Chief Investment Officer of Pie Funds, join us on a special bonus episode to discuss his view on equity markets. And strategies to navigate investing in these volatile times. It's a jam-packed episode. We cover everything from where we see equities ending the year, to discussions on cryptocurrency and gold. Plus, a conversation on kiwi superannuation. This is one to watch. Hosted by J...2025-03-1223 min

Markets, Mystics and MayhemUncertainty, volatility, and interest ratesRoss Weston, Kiwibank Head of Balance Sheet, is back on the podcast and it’s another jam-packed episode. In the wake of Trump 2.0, global uncertainty is dominating headlines and markets. Wholesale interest rates have seen big swings up and down. Beyond that, we cover expectations of future RBNZ meetings. Always one step ahead, market traders are already looking beyond the current cutting cycle and thinking about the next move – hikes. We also chat about RBNZ Governor Adrian Orr’s resignation and what that means for future monetary policy and whether a review of bank capital policies could be in the bo...2025-03-1120 min

Cheques and BalancesNZ’s Economy in 2025: Is the Worst Over? Ft. Kiwibank Chief Economist Jarrod Kerr | Episode 289In this episode, Kiwibank Chief Economist Jarrod Kerr breaks down NZ’s economy, interest rates, and housing market. Are we on the road to recovery, or is more pain ahead? Plus, how U.S. inflation and Trump could shake things up. Expert insights, market moves, and what it all means for you.More market insights & financial strategies:Preparing for what’s ahead? Lighthouse Financial can guide you through interest rates, housing, and investments. Want more insights? Check out these episodes:OCR PredictionsWhat Trump Tariffs Mean For NZ 2025-03-0420 min

Markets, Mystics and MayhemUnshackled property investors: Restraints liftedThe housing market is prepped, primed and positioned for a pick up. Interest rates are the biggest driver of moves in the market. But recent changes to the Brightline test, CCCFA, interest deductibility and so on should also help investors off the sideline. The RBNZ also tinkered with its macroprudential toolkit easing up its handbrake on credit growth. We go through each key change and its likely impact. We also address the factors affecting the demand and supply of housing and what it means for our forecasts.Hosted by Jarrod Kerr, Mary Jo Vergara...2025-03-0323 min

The NZ Property Market PodcastGuest episode - IWD2025 Nicole Pervan KiwibankSend us a question/idea/opinion direct via text message!In this episode of the New Zealand Property Market podcast, Nick Goodall interviews Nicole Pervan, GM of Home Lending at Kiwibank, in celebration of International Women's Day 2025. They discuss Nicole's personal and professional journey, the challenges women face in the workplace, and the importance of financial literacy and home ownership. Nicole shares insights on leadership development at Kiwibank, the attributes of effective leaders, and offers advice for young leaders. The conversation emphasises the significance of International Women's Day and the need for deliberate ac...2025-03-0228 min

Markets, Mystics and MayhemThe RBNZ cuts 50bps. More please. The economy needs helpThe RBNZ cut the cash rate to 3.75%, and signalled more cuts to come. With inflation now stabilising, the economy needs relief. In this episode, we run through the RBNZ’s latest policy statement and fresh forecasts. The Kiwi economy is set to recover this year, but there remains key uncertainties. There are signs of improvement in more timely activity indicators, but the balance of risks to the outlook are skewed to the downside. We discuss what this means for financial markets. Hosted by Jarrod Kerr, Mary Jo Vergara and Sabrina Delgado. Follow our economic commentary & in...2025-02-2521 min

Markets, Mystics and MayhemExpectations become reality. That’s the magic of inflation targetingThis week we’re diving into the power of inflation expectations. History has proven expectations of inflation are self-reinforcing. Expect low inflation and low inflation you shall receive. Expect high inflation and high inflation it is. The great news is that here at home, inflation expectations are freshly anchored at the RBNZ 2% sweet spot. We discuss the importance of the move, and how it should give the RBNZ confidence to deliver more. Hosted by Jarrod Kerr, Mary Jo Vergara and Sabrina Delgado. Follow our economic commentary & insights here:https://www.kiwibank.co.nz/business-banking/th...2025-02-1719 min

Markets, Mystics and Mayhem32,000 jobs lost in 2024, RBNZ - What are you waiting for?Unemployment is higher, employment growth remains in contraction, workers are being forced to the exits, and even total hours worked are in decline. The labour market continues to soften. We're delving into the details, including the demographic and the industry breakdown on who felt the brunt of the labour market slow down over 2024. With 32,000 jobs lost, there’s a lot of pain out there. Most of which has been felt by men and those newest to the labour force. Hosted by Jarrod Kerr, Mary Jo Vergara and Sabrina Delgado.Follow our economic commentary & insights here:http...2025-02-1115 min

Best of BusinessJarrod Kerr: Kiwibank chief economist says the Reserve Bank needs to help boost recovery following latest unemployment dataKiwibank says the latest unemployment figures are ugly, but in line with expectations. The unemployment rate rose to 5.1 percent in the December quarter - the highest it's been since September 2020. It's being blamed on a slow economy reducing demand and making employers trim jobs. Chief economist Jarrod Kerr says the Reserve Bank needs to do more to put New Zealand into recovery mode. "Interest rates are still restrictive - they're restraining households, they're restraining businesses, we're seeing it in the labour market, it's time to take some of that pressure off." 2025-02-0502 min

Markets, Mystics and MayhemTo fix or not to fix, mortgage rates in questionThis week we take a look at the mortgage book across Aotearoa. In anticipation of further rate cuts from the RBNZ the book has shortened up with 81% of borrowers fixing for one year or less.It’s a gamble that’s paying off. Naturally, the question now turns to when borrowers should fix for longer. We give our two cents. The move to shorter-dated rates is also a large driver in why we expect a recovery in the second half of this year. However, the longer-term outlook for growth is inhibited by ongoing kiwi productivity woes. We dive deeper into...2025-02-0419 min

Markets, Mystics and MayhemTwenty-twenty-ThriveWe're back from break and feeling good about 2025. In this episode, we cover our expectations for the Kiwi economy this year - a year of two halves. The first half sees the economy is in an awkward phase. Confidence has improved, but activity is still depressed. Growth however should pick up in the second half as interest rate cuts feed through to the economy. Things are falling into place for a better year. We also touch on everything you may have missed over the break. From the latest inflation and business confidence numbers to the...2025-01-2915 min

Best of BusinessJarrod Kerr: Kiwibank Chief Economist previews inflation data from December quarterThis week's inflation data will set the economic tone for the new year, but experts are hoping the final months of 2024 brought positive results. The latest inflation results from the December quarter will be out this Wednesday, and there's hope enough steam has been let out of the economy. Kiwibank Chief Economist Jarrod Kerr explains what we can expect. LISTEN ABOVESee omnystudio.com/listener for privacy information.2025-01-2004 min

Early Edition with Ryan BridgeMary Jo Vergara: Kiwibank Senior Economist ahead of the third quarter GDP releaseInfrastructure investment is being held up as being paramount to keeping New Zealand's economy on the right track. Stats NZ will release GDP data for the third quarter just before 11am today. The major banks are all predicting between a 0.2% and 0.4% contraction, meaning our third technical recession in two years. Kiwibank Senior Economist Mary Jo Vergara told Andrew Dickens a lack of infrastructure investment has made the last few years particularly volatile. She says in a time of recession, building roads, hospitals and schools will help the economy. Vergara says...2024-12-1803 min

Markets, Mystics and MayhemKeep Calm and carry Kiwi as currency crumblesIn the last episode of the year, Hamish Wilkinson is back to talk to Jarrod and Mary Jo about the Kiwi currency. They go through how the Kiwi is holding up against the Aussie dollar, Sterling, Euro and Yen. They also throw Hamish a curly cross that makes him try to phone a friend...Hosted by Jarrod Kerr, Mary Jo Vergara and Sabrina Delgado.Follow their economic commentary & insights here:https://www.kiwibank.co.nz/business-banking/thrive-hq/kiwi-economics/commentary-insights/Any views or information shared in this podcast, while given in good faith, aren't necessarily the view of...2024-12-1818 min

On Pointep 230 | Is a Kiwibank IPO on the cards, and would it be a good thing?Kiwibank has been in the news again, with the Government announcing it will consider tapping KiwiSaver funds and other large investors for another $500 million to inject into the business. Is this move a stepping stone on the path to a full-blown IPO and sharemarket listing, and would this be a good thing for the company, taxpayers and the market?2024-12-1606 min

Slice Home BuyersKiwibank CEO made this mistake buying his first home... with Steve JurkovichDespite an impressive background in law and banking, Steve CEO of Kiwibank still found his buying his first home daunting. Join Amy and Steve as they dive into Steve's home buying mistakes and hear Steve's expert perspective on property markets. Book in for a free consult with one of our NZHL Financial Advisers. Sign up to Slice’s Free Home Buyers Software.2024-12-1128 min

Markets, Mystics and MayhemBreaking down Black FridayBlack Friday deals are everywhere, and it’s been hard to escape the ads since mid-November. But what’s the real impact on consumer behaviour? Join Kiwibank Economist Mary Jo Vergara as she unpacks the latest card spending data from Black Friday, offering valuable insights into spending patterns and what we can expect this festive season, including Boxing Day. Tune in for a deep dive into shifting trends and a look ahead at the retail landscape for 2025. Hosted by Jarrod Kerr, Mary Jo Vergara and Sabrina Delgado. Follow their economic commentary & insights here: https://www.kiwibank.co.nz/business-banking/thri...2024-12-1017 min

Early Edition with Ryan BridgeClaire Matthews: The government's plan for Kiwibank might not be enoughThe government is looking to inject Kiwibank with $500 million in capital to "disrupt the status quo" and take on the big Australian owned banks. Kiwibank's parent company Kiwi Group Capital along with Treasury have been instructed to talk to potential investors, which could include Kiwisaver funds. For now an initial public offering is off the table with the government has ruling out selling off it's shares in the bank. Massey University Banking Expert Claire Matthews isn't sure it will help the current situation. "The government is pushing this very much as it...2024-12-0904 min

Best of BusinessShane Solly: Harbour Asset Management spokesperson on the Government giving Kiwibank a cash injection to boost up banking competitonThe Government is taking action and giving Kiwibank a financial boost in order to bolster banking competition. A new Commerce Commission report on banking has found the sector isn't competitive enough - and offered up14 recommendations. Harbour Asset Management spokesperson Shane Solly says this is an important step - and signals key changes to come. LISTEN ABOVESee omnystudio.com/listener for privacy information.2024-12-0905 min

Best of BusinessBarry Soper: ZB senior political correspondent on the Government bolstering Kiwibank in a bid to increase banking competitionThe Government's helping boost competition in banking by bolstering Kiwibank. The Commerce Commission recently painted the banking landscape as an oligopoly in a review - pointing to the domination by the big four Australian players. Today, Prime Minister Chris Luxon's announced he wants to implement all its 14 recommendations and disrupt the status quo. Newstalk ZB senior political correspondent Barry Soper says this boost won't make Kiwibank an equal to the big four in Australia - but a cash boost is good for consumers. LISTEN ABOVESee omnystudio.com/listener for...2024-12-0907 min

Markets, Mystics and MayhemThe Reserve Bank delivers more and lessThe Kiwibank Economists are back for their 13th episode of Markets, Mystics and Mayhem. This episode is a detailed run-down of the Reserve Bank's November Monetary Policy Statement. Where are interest rates heading from here? And what does this mean for Kiwi households and businesses? They discuss it all. Hosted by Jarrod Kerr, Mary Jo Vergara and Sabrina Delgado. Follow their economic commentary & insights here: https://www.kiwibank.co.nz/business-banking/thrive-hq/kiwi-economics/commentary-insights/ Any views or information shared in this podcast, while given in good faith, aren't necessarily the view of Kiwibank.2024-12-0217 min

Markets, Mystics and MayhemIt's all about commercial propertyThe Kiwibank Economists are back for their 12th episode of Markets, Mystics and Mayhem. This episode is all about the Kiwi commercial property. Just like the housing market, commercial property has been hit hard by the Reserve Bank’s heavy handed hikes. But the downturn across commercial property goes beyond a story of high interest rates. Since Covid, and the lockdowns that followed, behavioural shifts like working from home and the rise of online shopping has added extra headwinds to the commercial property landscape. The Kiwibank Economists discuss what’s happening, and what’s in store...2024-11-2615 min

Markets, Mystics and MayhemIt's all about housingThe Kiwibank Economists are back for their 11th episode of Markets, Mystics and Mayhem. This episode is all about the Kiwi housing market.As Kiwi, we're obsessed with housing and it has been volatile over the last few years. The Kiwibank Economists look deep into the data - from house prices, to listings, and days to sell - to talk about the latest moves in the housing market across Aotearoa.Hosted by Jarrod Kerr, Mary Jo Vergara and Sabrina Delgado. Follow their economic commentary & insights here: https://www.kiwibank.co.nz/business-banking/thrive-hq...2024-11-1816 min

Markets, Mystics and MayhemA consequential cooling in the Kiwi labour marketThe Kiwibank Economists are back for their 10th episode of Markets, Mystics and Mayhem. In this episode, the Economists are talking about the cooling Kiwi labour market. Weak economic activity following two years of recession is now resulting in job losses. They cover rising unemployment, where it's heading and what this means for the Reserve Bank of New Zealand. Plus, in line with the name of the show, they use their mystic future seeing skills to talk about where they see the Kiwi labour market heading. Hosted by Jarrod Kerr, Mary Jo Vergara...2024-11-1112 min

Markets, Mystics and MayhemCounting the climbing cost of climate changeThe Kiwibank Economists are back for their 9th episode of Markets, Mystics and Mayhem. In this episode they're talking about one of the biggest issues the world is facing right now. Climate change. More and more we’re seeing the effects of climate change in our daily life. Floods, cyclones, droughts, etc. They’re all becoming more frequent. So, what does this mean for the economy? The team have the tough discussion on what they think we'll see across insurance, the housing market, and even interest rates in a world...2024-11-0519 min

Markets, Mystics and MayhemHow does Aotearoa compare to Australia? The Kiwibank Economists are back for their eighth episode of Markets, Mystics and Mayhem. The RBNZ was among the first and most aggressive central banks in hiking interest rates, post-Covid. But in a recent speech, RBNZ Governor Adrian Orr signalled that they can be “more incremental” on the way down. This week, our Economists give their take on how incremental is incremental. This week they also take a look at the growing divergence between the Aussie and Kiwi economies. The root cause? Monetary policy. The RBA and RBNZ took very different strategies post-Covid. Hosted by Jarrod Kerr, Mary Jo Verg...2024-10-2924 min

Best of BusinessNicola Willis: Finance Minister on her plan to boost up Kiwibank so it can compete with the bigger banksThe Finance Minister has received early advice on how to better capitalise Kiwibank so it might compete better with the large Australian-owned banks. The advice is in response to the Commerce Commission market study on personal banking. Minister Nicola Willis says she hopes to bring more competition to the banking sector to improve things for Kiwi users. "If you look over to Australia, they had a similar cosy oligopoly situation happening - Macquarie Bank played quite a disruptive role in that market, and the result was a better deal for everyday bank users."2024-10-2910 min

Early Edition with Ryan BridgeDavid Tripe: Massey University Banking Expert on the potential use of private capital to bolster KiwibankThe Government's received advice on how Kiwibank can better compete with the large Australian-owned banks. It's in response to the Commerce Commission market study on personal banking. Documents released under the Official Information Act show Treasury wants to look at exploring use of private capital, including an Initial Public Offering. Massey University banking expert David Tripe told Ryan Bridge there could be issues with an NZX listing or other private parties getting involved. He says returns aren't especially good, and that's one of the big challenges with the IPO option. LIS...2024-10-2803 min

Best of BusinessClaire Matthews: Massey University Business School associate professor on the advice to boost Kiwibank's capitalTreasury's advised the Government of three options to boost Kiwibank's capital to better compete with the Australian-owned banks. They include borrowing money for Crown investment, third party investment, or an Initial Public Offering on the share market. It comes in response to the Commerce Commission market study on personal banking. Massey University Business School associate professor Claire Matthews told Mike Hosking if Kiwibank is bigger, it can operate at a similar level to the other big banks. But, she says, whether it actually makes a real difference in how the sector oper...2024-10-2805 min

Markets, Mystics and MayhemThe cost of living crisis comes to an endThe Kiwibank Economists are back for their seventh episode of Markets, Mystics and Mayhem. This week the team cover the cost of living crisis which has significantly impacted Kiwi households, particularly those with lower incomes. Everyday essentials like food and fuel have risen faster than incomes. While these households struggle with tight budgets, recent trends indicate a shift, with pay rises running above inflation. Although inflation is gradually easing, and falling interest rates along with rising house prices are expected to bring relief in 2025, meaningful improvements are still anticipated to take time. Hosted by Jarrod...2024-10-2213 min

Markets, Mystics and MayhemThe RBNZ goes 50, more to comeThe Kiwibank Economists are back for their sixth episode of Markets, Mystics and Mayhem.This week the team cover the RBNZ’s October policy decision and what that means for our growth forecasts. Later in the episode, Ross Weston, Head of Balance Sheet at Kiwibank joins the Economists to talk all about rates.They chat about how financial markets reacted to the RBNZ's 50bp rate cut, and how the shape of the yield curve has evolved in recent monthsHosted by Jarrod Kerr, Mary Jo Vergara and Sabrina Delgado. Follow their economic commentary & insights he...2024-10-1524 min

Markets, Mystics and MayhemBusiness confidence climbing with cutsThe Kiwibank Economists are back for their fifth episode of Markets, Mystics and Mayhem. This week the team are talking about the confidence of Kiwi business, and how it's evolving. Later in the episode, they're talking to Elliot Smith, Kiwibank's Chief Customer Officer – Business about what he's seeing, and what's happening in the broader economy. Hosted by Jarrod Kerr, Mary Jo Vergara and Sabrina Delgado. Follow their economic commentary & insights here: https://www.kiwibank.co.nz/business-banking/thrive-hq/kiwi-economics/ Any views or information shared in this podcast, while given in good faith, aren't necessarily the view of Kiwibank. 2024-10-0716 min

Markets, Mystics and MayhemBeyond China, beyond the GreenbackThe Kiwibank Economists are back for their fourth episode of Markets, Mystics and Mayhem.This week the team are talking about New Zealand's largest trading partner - China and how the Chinese economy and the New Zealand economy are performing. Later in the episode, we'll hear from Hamish Wilkinson, one of our Senior FX Dealers at Kiwibank to talk about currency.Hosted by Jarrod Kerr, Mary Jo Vergara and Sabrina Delgado. Follow their economic commentary & insights here: https://www.kiwibank.co.nz/business-banking/thrive-hq/kiwi-economics/Any views or information shared in this podcast, while given...2024-10-0122 min

Markets, Mystics and MayhemFed leapfrogs the RBNZ and shipping's expensiveThe Kiwibank Economists are back for their third episode of Markets, Mystics and Mayhem.They're talking about the US Federal Reserve, a little bit about the Kiwi economy and how it's performed recently. Later in the episode we hear from Adrian Lodge, one of our Senior Dealers in our Financial Markets team at Kiwibank. Hosted by Jarrod Kerr, Mary Jo Vergara and Sabrina Delgado. Follow their economic commentary & insights here: https://www.kiwibank.co.nz/business-banking/thrive-hq/kiwi-economics/Any views or information shared in this podcast, while given in good faith, aren't necessarily the view...2024-09-2418 min