Subscribe today - find out more
Why you should consider BusinessDesk

There is a time to hike interest rates, but not now

Cameron Bagrie
Wed, 10 Mar 2021

The interest rate on a savings account was about 0.4% in October last year and has dropped since.
Cameron Bagrie
Wed, 10 Mar 2021
Interest rates are still depressed but are well above their lows. Will borrowing rates follow? They should not, given a plethora of cheap funding at banks' feet, though banks may choose to step away from offering low five-year rates.The Reserve Bank of New Zealand still has the pedal to the metal buying bonds, offering cheap funding to banks, maintaining the official cash rate at 0.25% and dangling the possibility of the OCR going negative if needed.Covid uncertaintiesThe recovery is still contingent on considerable monetary policy sup...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

The hermit trading nation
Ian McCrae | Sat, 25 Sep 2021

The rest of the world is opening up, and NZ businesses' international customers are getting frustrated. 

Law & Regulation
Deloitte: Why consultants are moving into advertising
Daniel Dunkley | Sat, 25 Sep 2021

The glamorous advertising world looks set for a shake-up.

On the Money
On the Money: Judith Collins, Ardie Savea, NZ's most accessible business leaders, and more
Rebecca Stevenson | Sat, 25 Sep 2021

OTM this week: the parallels between Judith Collins' business and political careers, who are the most approachable business leaders in NZ, which company is holding fire to get personal? And more.

Demand driven change an easier route to carbon reduction

Taking a demand-driven approach to carbon reduction will naturally bring us into line with government targets.

Kiwi security technology leading the world

Businesses must take advantage of our home-grown, world-leading, internationally-valued cyber defence systems to manage risk.