Celebrating 25 Years of Scoop
FAMNZ Response To Interest Rate Cut
Comments From Leigh Hodgetts, Country Manager Of The Finance And Mortgage Advisers Association Of New Zealand (FAMNZ)
“Yesterday’s interest rate cut is a welcome relief to mortgage holders. While it is a small decrease, it will help borrowers who have been doing it tough over the past couple of years as rates have increased.
The decision will bring some confidence back to Kiwis, as it means things are heading in the right direction.
We are keen to see another two decreases this year in October and November.
We call on the banks to pass on the entire rate cut to borrowers and to do it immediately.”
Advertisement - scroll to continue reading
Trade Me Property: Property Prices Drop To A Three Year Low
Science Media Centre: Gene Tech Rule Changes – Expert Reaction
NZCTU: Reserve Bank Forecasts A Year Of Recession And Higher Unemployment
FIRST Union: Union Bracing For Further Job Cuts - Call For Urgent Action On Energy Pricing
B Lab Australia and Aotearoa New Zealand: Kiwi B Corps Rising To Climate Challenge
National Science Challenges: New Map Of National Coastal Erosion Hotspots Shows Which Areas Are Most At Risk
