Scoop has an Ethical Paywall
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
Hugh Grant: The Biggest Leverage Trading Wins And Losses Of All Time - A Visual Timeline
Commerce Commission: ComCom Targets Bundling Loophole
NIWA: 'Spilling The Tea' On Wetlands - Scientists Find Link Between Temperature And Carbon Storage Rates
Plumbers Gasfitters and Drainlayers Board: Man Sentenced In Whangārei District Court For Issuing Fake Gas Certificates & Carrying Out Unsafe Gasfitting Work
University of Auckland: NZ, China Team Up On Caring For Coastal Wetlands As Sea Levels Rise
Rocket Lab: 3rd Quarter 2024 Financial Results, Posts 55% Year-on-Year Growth & Guides To Record Revenue In Q4
