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20 Aug 2022 17:15
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  •   Home > News > Business

    Falling interest rates could inject a bit more life into the housing market

    Falling interest rates could inject a bit more life into the housing market


    BNZ and Westpac have both followed ANZ in cutting mortgage rates, following the recent drop in the cost of wholesale funding.

    Their moves come ahead of an OCR review next Wednesday.

    NZIER Principal Economist Christina Leung says the change won't stop the housing downturn, but it will slow it.

    © 2022 Newstalk ZB, NZCity

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     19 Aug: Any supporter hopes that Manchester United's American owners, the Glazer family, might sell could be false
     19 Aug: Auckland Transport's making changes to ferry services
     18 Aug: Australian baby goods retailer Baby Bunting is planning expanding in New Zealand
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    An economy forecaster says that real estate agents that leave the sector, are unlikely to return More...



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