Budget day and bank downgrades

Thursday, May 19th 2011, 9:09AM

Since it's Budget day we will be looking to see whether anything the government does will impact on interest rates or the housing market. There may well be some incentives for savings, such as moving the PIE tax rates to make funds slightly more favourable. On the other side there could be more disincentives for property investors - however we don't think the government will tinker here.

The most interesting piece of news yesterday was that Moodys downgraded the long-term, senior unsecured debt ratings of Australia's four major banks from to Aa2 from Aa1. You can see what Moody's said here

« Figuring out Westpac's growthYep, it's the two-year market for SBS »

Special Offers

Commenting is closed

www.GoodReturns.co.nz

© Copyright 1997-2020 Tarawera Publishing Ltd. All Rights Reserved