The Official Cash Rate, a driver of home loan floating interest rates, was left unchanged today. The statement that accompanies the announcement stated “As previously indicated, we expect to begin…
The Official Cash Rate, a driver of home loan floating interest rates, was left unchanged today. The statement that accompanies the announcement stated “As previously indicated, we expect to begin…
An interesting article appeared in the weekend Herald this weekend. http://www.nzherald.co.nz/personal-investment/news/article.cfm?c_id=71&objectid=10631651&pnum=0 It discusses long term investment returns from 1900 to 2009 as provided by the Global Investment Returns Yearbook (GIRY).…
In leaving the OCR unchanged today Alan Bollard had the following to say... “Higher bank funding costs have reduced the level of stimulus that would normally be associated with any…
Anz National Bank offered up some improved credit criteria a couple of days before Christmas. Having previously been very reluctant to lend over 80%, even for existing customers, they provided some…
Merry Christmas to all. Thank you to our valued clients, lenders, and lender support staff. Its been a year of big changes but we have made it through :-) Enjoy…
Alan Bollard left the Official Cash Rate unchanged this morning. He commented as follows.. ""If the economy continues to recover, conditions may support beginning to remove monetary stimulus around the…
The OCR was left unchanged at 2.50% today. The Reserve Bank Governor went on the attack in an attempt to hammer down the NZ dollar and to press interest rate…
ANZ Bank, the largest lender in the country, by virtue of its ownership of The National Bank, raised home loan fixed interest rates this week. The increases were hefty with…
The Reserve Bank today left the Official Cash Rate unchanged at 2.50%. The Governor reiterated earlier comments around a desire to keep it at or below this level through to the…
Alan Bollard left the OCR, the level of wholesale overnight interest rates,unchanged at his announcement last Thursday. His main comments were in relation to the $NZ and he has left…