The two-year swap rate dropped 14 basis points to 2.17%. With special feature audio.
“Rising real interest rates are the true nightmare in a highly leveraged world,” visiting economic historian and commentator Niall Ferguson told NBR Radio last weekend.
A more hawkish tone from the Reserve Bank of Australia and the Federal Reserve in the United States have taken the pressure off NZ's central bank to cut rates. With special feature audio.
The Reserve Bank says the risks to financial stability from the housing market and the dairy downturn have increased in the last six months. With special feature audio.