Central bank Governor Graeme Wheeler has faced criticism from economists after delivering an interest-rate cut that took most of them by surprise.
Auckland’s spreading property bonanza is one of the reasons Reserve Bank Governor Graeme Wheeler may tread carefully as he considers cutting interest rates to a fresh record low on Thursday.
New Zealand’s central bank said it may need to cut interest rates further as falling oil prices and a weaker global growth outlook prolong a period of low inflation.
Governor Graeme Wheeler may have greater scope to cut interest rates as annual inflation has slowed to its weakest since 1999.
Adviser says he expects rates below 2% to appear on the market
It is also launching new digital loan application tools
More people are focused on lifestyle choices following the lockdown