Search results: David Cunningham

03 May 2024

Opinion: The RBNZ needs to start cutting interest rates, ASAP

Most commentators are picking it'll be late 2024 (or worse, 2025) before interest rates start falling again — but the Chief, David Cunningham, reckons there's a strong case for the RBNZ to begin dropping rates much sooner.

18 April 2024

Opinion: Inflation falls to 4%...or does it?

According to bank economists, NZ’s latest inflation stats make it clear it’s far too soon think about dropping interest rates. But the Chief, David Cunningham, reckons the official numbers don’t paint an accurate picture of the situation.

11 April 2024

Ranking New Zealand's best and worst savings accounts

Not all savings accounts are created equal, and it's worth knowing what all your options are so you can get set up with the one that best suits your savings goals. Here, we've pulled together a wrap-up of the different savings accounts available across New Zealand's main retail banks.

19 March 2024

A submission to the Reserve Bank on proposed DTI limits

The Reserve Bank recently asked for feedback on a new set of lending restrictions - DTIs - it's looking to introduce later this year. Here's what the team at Squirrel had to say as part of our submission.

05 February 2024

Why interest rates could be likely to tumble

With NZ's latest inflation numbers out in late January, it looks like we're finally winning the battle — and we could see annual inflation come down relatively quickly in the coming months. So what would that mean for interest rates?

19 October 2023

Why do banks keep doing this to savers?

Heartland Bank has launched a brand-spanking new savings product — the Digital Saver account. And with a 5.00%p.a. interest rate, it sounds pretty good. But there’s something kind of weird about Heartland launching this new account — so what's the deal, and is there a catch?

15 May 2023

Breaking the bank: 5 bank secrets that cost savers over $4 billion each year

New Zealand’s retail banks made $9.96 billion (yep, that’s with a ‘b’) of pre-tax profit in 2022. And while the banks are laughing all the way to the – well – bank, what most Kiwi don’t fully understand is how they’re making that money. (Spoiler alert: it's Kiwi that are losing out.)