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Nick Tuffley: ASB Chief Economist on why your interest rates aren't coming down
Manage episode 522071927 series 2882353
Last weeks OCR cut brought hope of lower interest rates but the wholesale market seems to have been spooked by the Reserve Bank ruling out further cuts.
The term wholesale interest rates have jumped in response.
ASB Chief Economist told Heather du Plessis-Allan, "we certainly put the the cost of wholesale borrowing up a bit higher as a result of this."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
11286 episodes
Manage episode 522071927 series 2882353
Last weeks OCR cut brought hope of lower interest rates but the wholesale market seems to have been spooked by the Reserve Bank ruling out further cuts.
The term wholesale interest rates have jumped in response.
ASB Chief Economist told Heather du Plessis-Allan, "we certainly put the the cost of wholesale borrowing up a bit higher as a result of this."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
11286 episodes
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