Debt fears holding back NZ recovery, says Fletcher CEO
Fears about debt and an unwillingness to spend is holding back New Zealand's economic recovery, says Jonathan Ling, chief executive of Fletcher Building.
Fears about debt and an unwillingness to spend is holding back New Zealand's economic recovery, says Jonathan Ling, chief executive of Fletcher Building.
Phil Goff says the Labour Party would require the Reserve Bank to pursue broader objectives.
All the major trading banks have now lifted their mortgage rates, with BNZ becoming the last to move following the recent OCR hike.
ANZ and National Bank have announced increases to their variable mortgage and savings account rates of around 25 basis points.
New Zealand's housing market is running out of puff.
House prices fell 1.4 per cent across New Zealand in May, according to the latest REINZ Monthly Housing Price Index, released this morning.
Alan Bollard says a pickup in sales of 'uridashi' bonds to Japanese investors would be useful.
The average floating mortgage is expected to rise by $10 a week after the Reserve Bank lifted the OCR for the first time since 2007.
For borrowers the Reserve Bank's statement makes dispiriting reading...
Brian Fallow writes that several factors will influence how often Bollard taps the brakes.
Opinion is divided on whether inflationary pressures and the global crisis will be enough for Alan Bollard to begin lifting rates next week.