MR - Experts Views

Borrowing strategy should have been sorted last year

Friday 25th of September 2009

In this week's BNZ Weekly Overview, Alexander says that if, in spite of the deteriorating state of the NZ and global economies and against the BNZ's suggestion, borrowers fixed long-term last year, then they are likely to have constraints on monthly cash outflows that forced them to do so. Or they "panicked" about how high floating rates might go.

"If you did, then what you will do in tw...

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