Tag: interest

RBNZ Hikes Benchmark Interest Rate

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In an attempt to cool a heated property market and rising inflation, New Zealand’s central bank has announced a hike in its cash rate by 25 basis points on Wednesday. Economists had expected a hike over a month ago, but the response was shelved following the most recent Covid-19 outbreak…

‘Lazy Tax’ Paid By Many New Zealanders

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Many people are subject to complacency when it comes to keeping up with their expenses. Research by comparison website Finder, indicates that as much as 87% of Kiwis are paying a lazy tax on financial products like home loans, car loans, personal loans, and income protection insurance. ‘Lazy tax’ is…