The party can't go on forever
A reflection on the madness of artificially low interest rates.
In July 2007 the OCR was at 8.25%. It’s now down to 1.75%.
This is madness. The interest rate is the price for money, it is the difference between consuming something now verses something in the future. It is the figure that drives investment, savings, consumption and asset prices.
It is the
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Damien Grant
Thu, 12 Jan 2017
Thu, 12 Jan 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
The party can't go on forever
64220