This is an article that is something that will hopefully help you more understand why the dam interest rates go up or down, usually we only complain when they go up, as this directly costs us more money. Although written with a slight US feel, with the words federal, the principles are the same which…
Tag: interest rates
Do You Actually Believe We Have Hit The Bottom Of The Market?
Well if you do I believe your being naive. There has been in the months of late a definite pick up in the market especially in the terms of sales volume which one could almost think that a bounce back is happening. There has been great activity, a lot of sales and new buyers emerging…
Reserve Bank Of New Zealand Lowers OCR To 2.5% April 30 2009
New Zealands Official Cash Rate has been cut again to 2.5% which is a further sign that the Reserve Bank is trying to stimulate the economy. Dr Alan Bollard this morning said to the people that he sees the Official Cash Rate being low for around the next 18 months as the economy is finding…
New Zealand Economic Overview March 2009
Summery of New Zealands economy for the quarter March 2009 The NZ economy is yet to find a base. Business confidence surveys are either at, or near, historical lows. Employment intentions are tumbling and investment plans are being shelved. Corporate tax revenue – a key timely indicator of economic activity – has capitulated. Consumer sentiment…
New Zealand OCR Dropped to 3.0% 12 March 2009 – Will This Help?
Again the Reserve Bank of New Zealand is dropping our Official Cash rate amid the world and New Zealand Economy falling as credit becomes tight and people stop spending money like they have in the past few years. The new OCR rate of 3% is a 50 bias point drop on what it was at…
Banks World Wide Slashing Official Cash Rates
Interest Rates Around the World are tumbling down as the Reserve Banks of different countries are trying to stabilize their economies as one of the worlds harshest financial crashes crunches down on everybody. The Reserve Bank of New Zealand was the first to kick of cuts in December with a massive 150 basis point cut…
December 4 – OCR Drops to 5% … So What Will This Actually Mean For Us?
Todays OCR rate cut of 1.5% from 6.5% to 5% is a bold move by the Reserve Bank of New Zealand and is one that is hope to put some stimulation into our very slow economy. The OCR drop will mean to us as consumers a whole host of things that will save us all…
BNZ goes below 7 per cent mortgage barrier
BNZ is throwing down the gauntlet to other banks in slashing its lowest mortgage rate today to below 7 per cent. The ‘mortgage rates war’ was a key battleground four years ago when BNZ and ASB went at it hammer andtongs in the spring of 2004. That tussle over 2 year fixed rates gave the…
NZ OCR Dropped by .5% in Surprise Move By Reserve Bank
The New Zealand dollar tumbled to a 2-year low versus the US dollar as the Reserve Bank of New Zealand lowered its key interest rate by .5% points to 7.50%. The move surprised the economists who were widely expecting a 25 basis point cut. The NZ dollar also slumped to a more than 2-yearlow against…
How Much is it costing to have your mortage?
I was today looking through articles online on The Heralds Website. This article hit me in the face. Its sad to see this. But its a fact of where we are at the moment in the market. $375k house – costs $900 a week Soaring interest rates will see Kiwis fork out almost a billion…
Is New Zealand Sliding into Ressession?
Here is an interesting article that i think everyone needs to read and understand, it could be doom and gloom but just take it in and appreciate where the country is at. This was published on www.wsws.org By John Braddock 24 March 2008 Bank of New Zealand (BNZ) economists warned last week that New Zealand…