Blink and you might have missed the lows for interest rates

(Image: NZME)

Thu, 18 Dec 2025

Blink, and you might have missed it: the lows for interest rates. The timing of what I was doing regarding borrowing was pretty good a few weeks ago.The finger was pointed at the Reserve Bank of New Zealand (RBNZ) for its so-called hawkish tilt in the November Monetary Policy Statement delivered on Nov 26.Interest rates (1-5-year bond and swap rates) were already around 15 basis points higher by Nov 26 than at the start of November.Villain #2 is the banks for raising interest rates.ImprovingIf there is a villain driving interest rates up, it ha...

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