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Could it be? Are things finally starting to turn a corner? With interest rates now firmly in stimulatory territory, and more green shoots starting to appear, things are feeling more positive out there. Here's the latest on interest rates, the economy and NZ housing market from over the last few weeks.
If retail merchants can't pass on the cost of 'tap and go' surcharges direct at the till, the most likely scenario is that they'll pass it on via price increases across the board. But there is another option—least-cost routing—which would keep things fair for retailers and consumers alike.
Watch our latest update on interest rates and the property market - covering house prices, the economy, the OCR and where mortgage rates might be heading.
With the general consensus being that we're in for another OCR cut in November—taking us down to 2.25%—the question on everyone's minds is 'what will that mean for mortgage rates'? And if the data's anything to go by, there's a good chance sub-4% one-year fixed rates could be on the horizon.
