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Borrowers - don't panic

Thursday 10th of June 2010

He says decisions borrowers make should depend on individual circumstances.

"If you want certainty take a short-term fixed rate, but acknowledge the cash flow cost. If you want the cash flow benefit, you're better off floating."

He says the floating rate will go up, but it will have to increase by a stunning amount before borrowers lose out.

BNZ chief economist Tony...

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