We're being told to get used to interest rates going up, rather than down
We're being told to get used to interest rates going up, rather than down
15 July 2021
The Reserve Bank's stopped short of increasing the Official Cash Rate, but is canning its 'money printing' or bond buying programme earlier than expected.
ASB and KiwiBank have increased term deposit interest rates and ASB has increased fixed mortgage rates.
Bagrie Economics' Cameron Bagrie says the Reserve Bank and the markets say incredibly low interest rates are coming to an end.
He says interest rates will go up slightly, which will have a big impact on asset prices over the next three to four years.
© 2024 Newstalk ZB, NZCity