How is our Financial Stability looking?
New Zealand house prices have experienced rapid both growth and decline in recent years, the typical boom and bust cycle that we see in the NZ property market. The Reserve Bank of NZ explains in its latest Financial Stability Report, that the drivers are a result of interest rates changes, government policy changes, population growth […]
Test Interest Rates continue to drop
Competition is brewing, and excitement is rising with major NZ banks continuing to lower their testing rates. As published in the latest Financial Stability Report Nov 24, the Test Interest Rates that lenders use to asses borrowers debt-servicing capacity have fallen from an average 9% to 8% in October. Westpac, ANZ and Kiwibank were quick to […]