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Borrowers float on
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The RBNZ’s decision to cut the OCR to 2.5% in March increases the incentive to float.
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Interest rates likely to remain low over 2011, before lifting sharply over 2012.
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Long-term rates remain relatively expensive, cost advantage remains with floating.
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Report prepared by:
Chris Tennent-Brown
Economist
Phone: +64 9 374 8819
Fax: +64 9 302 0992 |
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