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New Zealand is likely facing a "shallow" recession as interest rates need to rise further to tame inflation, a top central banker said on Monday, suggesting that a pause in the policy tightening ...
Bankrate’s Fourth-Quarter Market Mavens Survey found that market pros forecast the 10-year Treasury will yield an average of 4.14 percent 12 months from now, up from last quarter’s projection ...
Ian Kuperus, an accountant and former IRD employee, is credited with coming up with the idea of tax pooling. He identified the opportunity for taxpayers to trade their under- and overpayments of tax and take advantage of the interest rate differential while leading the tax division at the National Bank, after the government introduced use of money interest in 1988.
The current average interest rate for a 30-year fixed mortgage is 7.00% for purchase and 7.05% for refinance, up 21 basis points from 6.79% for purchase and up 29 basis points from 6.76% for ...
The official cash rate (OCR) is the term used in Australia and New Zealand for the bank rate and is the rate of interest which the central bank charges on overnight loans between commercial banks. This allows the Reserve Bank of Australia and the Reserve Bank of New Zealand to adjust the interest rates that apply in each country's economy.
New Zealand Reserve Bank of New Zealand: 12/1989 [5] The pioneer; see Section 8: Reserve Bank of New Zealand Act of 1989. Canada Bank of Canada: 02/1991 [5] United Kingdom Bank of England: 10/1992 [5] First in Europe, although Germany had adopted many elements of inflation targeting earlier. [4] Sweden Sveriges Riksbank: 01/1993 [5]