why would the floating rate rise?
its not like were in boom times..........
infact the sad times have only just begun in new zealand.
we dont manufacture much, our dairy produce is still slipping.
we are still massivily in debt.
peoples so call property wealth is still eroding.
and there is a trainload of service provider employment yet to hit the wall.
the nz$ is still high.
and property is still over valued for the next generation of home owners.
money is tight ...... not many borrowing, not many wanting to.
a huge number of oldies lost their next eggs, and cant pass on inheratences to the young...........
and the list goes on..........

just because fixed rates are rising means nothing at all to the floating rate
the problem is kiwis fixation on property speculation via fixed term loans.