Robust recovery tipped by Kiwibank
Lower interest rates are doing their job. The medicine is working, Kiwibank says.
Kiwibank has been the most vocal of the main banks in advocating for interest rates to get to stimulatory territory. It now believes the settings are right and having an impact.
It says a robust economic recovery is taking hold as those cuts finally persuade consumers to loosen the purse strings.
Kiwibank chief economist Jarrod Kerr says the recent stream of data is pointing to strong...MORE»
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Chapter of economic bad news closing - ASB
New Zealand’s economy is putting recession in its rear-view mirror, with the recovery expected to pick up next year, ASB’s latest Quarterly Economic Forecast says.
MORE»Mortgage pain could return before Christmas
Fixed mortgage interest rates could start rising before Christmas because the economy’s direction is now up, economist Tony Alexander says.
MORE»Buyers sitting on the sidelines in best time to buy in a decade
Stable house prices, low interest rates and plenty of houses to choose from are still not enticing buyers.
MORE»Differing views on 50-year mortgage
US president Donald Trump recently raised the idea of 50 year mortgages; but New Zealand advisers say such long loans won’t take off in New Zealand.
MORE»Big fall in mortgages rolling over onto lower rates still to come
The fall in borrowing costs is only half-way through for households, even though the RBNZ appears to have made its last cut to the OCR.
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