Tag: interest
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Cost of Living Crisis: New Zealand’s Inflationary Surge Defies Forecasts
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Overview As reported by RNZ, New Zealand’s annual inflation rate has climbed to 3.1 percent, a figure that edges past the Reserve Bank’s previous projections and places renewed pressure on the national economy. The latest data from Stats NZ reveals a 0.6 percent rise in the consumer price index for the December quarter, driven largely…
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Mortgage Interest Rates: Why Now is the Pivotal Moment for Homeowner Strategy
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Overview As reported by RNZ, the New Zealand mortgage landscape is entering a phase of notable consolidation, prompting homeowners to reconsider their long-term financial stability. Following a period where interest rates trended downwards, recent data from the Reserve Bank indicates that the era of significant cuts may have reached its conclusion. With the average two-year…
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Inflation Lies at Heart of Economic Thinking and Decision Making – What Are the Core Causes?
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Overview A report by Interest.co.nz argues that while conventional explanations of inflation, cost-push, demand-pull and inflation expectations, are true, they remain superficial. Despite these theories, inflation sits at around three percent per annum in New Zealand, even with a sluggish economy. The article suggests that deeper structural forces are at work, particularly the growth of…
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New Zealand Housing market confidence rises
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An article from RNZ reports that confidence in the New Zealand housing market has surged to its highest level in 15 years. Overview The latest ASB Housing Confidence Survey shows 28 percent of respondents believe now is a good time to buy a property, the strongest reading since the survey began. RNZ This shift reflects…
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Reserve Bank prepares influential OCR cut as fresh economic pressures emerge
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OverviewAn article from RNZ reports that the Reserve Bank of New Zealand is expected to deliver another 25-point cut to the official cash rate, bringing it down to 2.25 percent. The move follows a rapid series of reductions over the past year as the economy slows and inflation tracks closer to the lower end of…