What happened Friday
New Zealand's trade balance has worsened due to high fuel import costs, despite strong export growth in meat and dairy. Meanwhile, the financial sector is seeing shifts in mortgage and term deposit rates alongside growth in regulated open banking services.
Why it matters
The data provides a snapshot of New Zealand's economic health, highlighting the impact of global energy prices on local trade and the ongoing evolution of the banking sector.
Here are the key things you need to know before you leave work today (or if you work from home, before you shutdown your laptop).
MORTGAGE RATE CHANGES Bak of China raise fixed rates today. All current mortgage rates are here . And note, you can compare mortgage offers with our unique calculator that takes into account other costs and cashback incentives, here .
TERM DEPOSIT/SAVINGS RATE CHANGES BNZ raised its 1, 9 and 12 month TD rates today which took its one year TD rate to 4.05%, the highest of any bank at present (other than ICBC). Bank of China also raised TD rates. All updated term deposit rates less than 1 year are here , for 1-5 years, they are here .
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