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10 Aug 2022 14:24
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  •   Home > News > Business

    Falling interest rates could give consumers a much-needed kick of confidence

    Falling interest rates could give consumers a much-needed kick of confidence


    BNZ and Westpac are following ANZ in cutting mortgage rates, following the recent drop in the cost of wholesale funding.

    That's despite a possible rise in the Official Cash Rate next Wednesday.

    NZIER Principal Economist Christina Leung says it's a positive sign for consumers anxious about rising interest rates and living costs.

    She says that should help address the record low consumer confidence levels recorded in recent months.

    © 2022 Newstalk ZB, NZCity

     Other Business News
     10 Aug: ASB bank has recorded a profit of nearly 1.5 billion dollars for the year to June, an 11 percent jump from last year
     10 Aug: Retail spending is continuing to take a hit, as fuel and food prices continue to rise
     10 Aug: A supermarket has become the latest target of a smash and grab in Auckland
     10 Aug: Spark has been issued a warning from the Commerce Commission and ordered to pay more than 15-million dollars in refunds to customers
     09 Aug: First home buyers can expect a market lull soon
     09 Aug: Retail card spending fell 11-million-dollars between June and July this year
     09 Aug: People are being urged to check their insurance options, as premiums continue to rise
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    BUSINESS BUSINESS
    ASB bank has recorded a profit of nearly 1.5 billion dollars for the year to June, an 11 percent jump from last year More...



     Today's News

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    Secretly-recorded conversations between former National Party leader Simon Bridges and Jami-Lee Ross have been played to the High Court in Auckland 14:09

    Education:
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    ASB bank has recorded a profit of nearly 1.5 billion dollars for the year to June, an 11 percent jump from last year 13:49

    Rugby League:
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    International:
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    Environment:
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    Health & Safety:
    Te Whatu Health NZ is being urged to adopt a new model to ease the workforce crisis 12:29


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