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During this unique scenario, we are still open for business, albeit slightly differently. We continue to monitor the situation and have procedures to minimise the risk to our people and their clients.
Moving into commercial property is an increasingly attractive option for many investors, so here’s the lowdown from some who have already taken the plunge.
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After cutting rates at its last two meetings the RBNZ decided to again reduce interest rates by another 0.25 basis points to 2.75%.
Spring is just around the corner, so start planning now.
After cutting rates last month the RBNZ, decided to reduce interest rates by another 0.25 basis points to 3.00%. Ongoing concerns over falling dairy prices, global economic volatility and an overvalued dollar have all combined to ensure a second consecutive rate cut.
What happened in July?
The Reserve Bank cut the Official Cash Rate from 3.25 to 3 per cent.
After holding the cash rate steady for the past six meetings the RBNZ, decided to cut rates by 0.25% to 3.25% in June. With steps being taken to reduce the strong price growth in Auckland’s property market and inflation close to zero, the RBNZ felt the time is right to begin its rate cutting cycle.
Less competition, more leverage