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11 Aug 2022 16:41
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  •   Home > News > Business

    Falling interest rates could give consumers a much-needed kick of confidence

    Falling interest rates could give consumers a much-needed kick of confidence


    BNZ and Westpac are following ANZ in cutting mortgage rates, following the recent drop in the cost of wholesale funding.

    That's despite a possible rise in the Official Cash Rate next Wednesday.

    NZIER Principal Economist Christina Leung says it's a positive sign for consumers anxious about rising interest rates and living costs.

    She says that should help address the record low consumer confidence levels recorded in recent months.

    © 2022 Newstalk ZB, NZCity

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