Consumer confidence has risen to a five year high in New Zealand following the Central Bank’s decision to further ease monetary policy.
According to a Colmar Brunton poll for Television New Zealand, 50 per cent of respondents expect the economy to improve in the next 12 months – up from 44 per cent in August and just 28 per cent in July.
The Reserve Bank of New Zealand slashed interest rates by 50 basis points last week, following a 25 basis point reduction in July.
New Zealand rates slashed by 50bps 11-09-08
Today's other stories
Broker support is critical for borrowers looking to capitalise on...
The aggregator has welcomed specialty asset finance lender Austra...
The mortgage aggregator has announced the appointment of new busi...