Today’s shock announcment comes after the government and Reserve Bank of New Zealand get together and force all the major banks in New Zealand to reduce their interest rates in order to stimulate some life into our economy. Now is a good time to get some cheap money and buy a house for yourself.
Read more of this breaking story here
2 thoughts on “NZ Banks Reduce Interest Rates To 2% In A Bid To Stimulate The Economy”
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Good article Deon. I had a god day on 1st April. Not the least being listening to the antics which came from the Edge radio station announcing a $5000 tax bonus to stimulate the economy for everyone earning over $50 000. I think what we need at the moment is more of this laughter and less of the doom and gloom. Glad to see you have retained a good sense of humour.