An interesting article appeared in the weekend Herald this weekend.
It discusses long term investment returns from 1900 to 2009 as provided by the Global Investment Returns Yearbook (GIRY).
For anyone interested in the returns from various investment types its a good read and highlights New Zealands inflation over the period at 3.7%.
In other news, ASB has cut their 18 month, 2 year, and 3 year fixed home loan interest rates. They are now 6.70%, 7.10% and 7.70% respectively.