Nelson BS increases rates

Friday, October 2nd 2009, 9:19AM

Nelson Building Society has today increased its one and two year fixed rates. The one year is up four points to 5.99%, while the two-year rate is up 20 points to 6.95%.

In our Experts' Views section BNZ chief economist Tony Alexander is suggesting we are entering a benign period for interest rates and the next decent shift will be in July next year when the tightening cycle starts.

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