Mortgage News

NZ interest rates tipped to fall

Thursday 18th of October 2012

Tower’s head of fixed interest Craig Alexander said high interest rates are the reason for the“disconnect” between the strength of the New Zealand dollar and this country’s terms of trade, which has declined recently.

“We’re seeing a bit of a disconnect coming in; the revenue we are generating selling those products is declining and if the terms of trade were declining and we were becomi...

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