Relief For Home Owners with Mortgages as Reserve Bank Cuts The Cash Rate
Ian
September 11, 2008
Business Insurance, Finance
No Comments
Tags: Alan Bollard, business confidence, cash rate, interest rates, Kiwibank, mortgages, reserve bank, Westpac
I am sure there will be a collective sigh of relief from many people out there as interest rates are about to drop or, in some cases, have already dropped.
According to the Radio New Zealand website a larger than expected half a percentage drop to 7.5% in the cash rate will also offer some relief to the growing inflation that sees considerable increases in costs for all businesses and individuals alike.
Here’s hoping that this sees the return of a period of growth for all New Zealanders.
On Thursday 11 September 2008 both Kiwibank and Westpac
