Confidence needs more than lower rates
Editorial: Cheaper borrowing is not the only means to growth.
Nevil Gibson
Sat, 06 Jul 2019
Two outcomes are likely to follow the next move in monetary policy that will take the official cash rate (OCR) to a historic low of 1.25%.
One is that this move, expected in mid-August, will be followed by a new burst of house price increases as buyers can borrow more at lower rates.
The
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Nevil Gibson
Sat, 06 Jul 2019
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