
Mortgage News
Governor quiet, rates rise
Tuesday 22nd of November 2005
Last week there was no haranguing from the central bank governor, Alan Bollard, like we had become used to in previous weeks.
Quarterly retail trade data, however, added to the impression that New Zealanders have no qualms about borrowing to spend. Second-quarter sales were up 2.4%, despite a weak monthly result for September.
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