Interest rates are on the rise. NZ, Canada, the UK, and the United States, have all started bringing rates back to more normal levels. Thus far our Reserve Bank hasn't followed suit, however they've pointed to June as the likely starting point for them to start normalising rates.
For those with debt, we've all enjoyed the incredibly low interest rates of the past few years. But all good things must come to an end. And for those with savings, they are quite likely looking forward to getting more reasonable returns on their money.
[Disclaimer]
Create your
podcast in
minutes
It is Free