One interesting point the RBNZ brought up when it cut the OCR by 0.50% last week is that long-term interest rates haven’t fallen much, even as short-term interest rates have, says ASB in an economic note. Read...
Crippled by Covid-19 debt and a stagnant economy, established Chinese eateries serving authentic Cantonese dim sum are now facing increasing competition. Read...
The latest data from the RBNZ’s series new lending fully secured by residential mortgages, shows home owners are far from set on longer mortgage terms, although the interest rates are below 5%. Read...