Lower interest rates a ‘game changer’ for economy – Westpac

New Zealand economic and financial forecasts. Our forecasts for the New Zealand economy, interest rates and exchange rates. latest forecasts (xls) Quarterly Economic Overview. An in-depth discussion of the economic outlook, topical issues and forecasts. May 2019 The dramatic decline in interest rates over the past few months is going to be a.

A summary of the prospects for New Zealand’s economy, interest rates, exchange rate and agricultural sector, plus an overview of the global economy. May 2014 As New Zealand’s economic upswing rolls on, we are starting to see encouraging signs that the economy still has room to grow without generating excessive inflation.

 · Lower interest rates a ‘game changer’ for NZ economy – Westpac From nzherald.co.nz A dramatic fall in interest rates over the past few months will be a game changer for the economy, says Westpac’s latest Economic Overview.

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The decision reflects an increased likelihood of three interest rate cuts this year. Westpac says it now expects the Reserve Bank of Australia to cut its cash rate by a quarter-point in June and August, and possibly again in November – policy moves that would halve Australian rates to a record low of 0.75 percent, from 1.5 percent.

Balance transfer rate. The balance transfer rate is usually a low rate offered to customers transferring balances from an existing non-Westpac store or credit card to a new westpac credit card. Taking advantage of balance transfer offers can be a good debt consolidation strategy. learn more about how interest is calculated and making.