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Kiwi borrowers can currently access some of the lowest interest rates ever seen in this country, but are homeowners and businesses getting the best possible deal on their loans? The Reserve Bank isn’t convinced.
OPINION: Kiwi borrowers can currently access some of the lowest interest rates ever seen in this country, but are homeowners and businesses getting the best possible deal on their loans? The Reserve Bank isn’t convinced. Despite slashing the official cash rate to 0.25 per cent, launching a massive bond buying effort, and starting a $28 billion funding for lending programme (FLP) for banks, the RBNZ doesn’t believe lenders are doing enough to cut rates.
Press Release – ASB CHART A Investor confidence continues to recover, sitting at nett 2% for Q4 2020, but has a way to go to return to pre-pandemic levels. Aucklanders remain less optimistic than elsewhere, with confidence at nett -7% compared with +7% for the rest of New …
CHART A
Investor confidence continues to recover, sitting at nett 2% for Q4 2020, but has a way to go to return to pre-pandemic levels.
Aucklanders remain less optimistic than elsewhere, with confidence at nett -7% compared with +7% for the rest of New Zealand.
A buoyant housing market means perceptions of the family home as the best investment for returns are at a record high.