RBA makes its move – will the RBNZ follow?
The Reserve Bank of Australia has cut its cash rate by 0.25% to 3.6%. The RBNZ followed the RBA last round, and with economic momentum flatlining and unemployment above 5%, there’s a strong chance they could do the same.
NZ retail banks are already ahead of the curve, trimming fixed mortgage rates. The 2-year swap rate has also dropped 10bps in the past week, signalling the market’s expectations.
If you’re coming up for a refix or considering restructuring your mortgage, now’s the time to review your options.
#RBNZ #RBA #interestrates #mortgagerates #independentfinancialadvice #adviceHQ
Poll: As a customer, what do you think about automation?
The Press investigates the growing reliance on your unpaid labour.
Automation (or the “unpaid shift”) is often described as efficient ... but it tends to benefit employers more than consumers.
We want to know: What do you think about automation?
Are you for, or against?
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9.4% For. Self-service is less frustrating and convenient.
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43.5% I want to be able to choose.
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47.1% Against. I want to deal with people.
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