I expect that they will with regard to overdrafts and floating rate loans. Fixed rate loans are another matter though, being financed by fixed rate funding. We'll see.
Yes I see floating down at 4.4% currently but of course fixed rates haven't changed 1yr out etc ?
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
Yes I see floating down at 4.4% currently but of course fixed rates haven't changed 1yr out etc ?
Nobody has blinked yet , it usually takes a day or 2 . It would probably be prudent to wait until they see what the Govt is rolling out .
Obviously if RBNZ start purchasing bonds that would lead to some decent drops in the fixed rates .
Originally Posted by macduffy
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