The Reserve Bank considered it, the big banks hated it, so could negative interest rates actually work? Professor of finance Harry Scheule from the University of Technology Sydney explains. There’s a row brewing in the corridors of financial power. The Reserve Bank of New Zealand (RBNZ) recently advised the trading banks that the official cash … Read more
Super-low interest rates are a blessing to those already on the housing ladder. For those still renting and without a deposit, it is yet another nail in the long-sealed coffin of potential home ownership. Last week, when Heartland Bank became the first lender in New Zealand history to offer a home loan interest rate below … Read more
We needed a reasonable period of time to allow the recent surging wave of highly geared first home buyers to get financially comfortable. We didn’t get it, writes David Hargreaves of interest.co.nz. You know, I was really beginning to think (as well as hope) that we might just get away with it. By ‘it’ I mean the … Read more
It already looked like the housing market could take off again, and then the Reserve Bank went and made that a whole lot more likely. David Hargreaves analyses the forecasts, in this piece originally published on Interest.co.nz. It may seem the height of absurdity to talk about the possibility of the house market taking off … Read more