US Fed Chair Janet Yellen has left little doubt that the Fed is preparing to raise short-term rates by year's end.
The kiwi dollar has risen to a six-and-a-half week high against the Aussie after a slump in Chinese equities markets.
The dollar fell after signs of weaker Chinese manufacturing activity dented demand for commodity currencies.
The New Zealand dollar held onto some of its gain after the Reserve Bank yesterday cut the benchmark interest rate.
Mortgage Rates Provided by Interest.co.nz
|ANZ||1 year fixed||5.10%|
|ASB||1 year fixed||5.25%|
|Kiwibank||1 year fixed||5.39%|
|Westpac||1 year fixed||5.39%|
John Key admits downside to Trans Pacific Partnership but says this is unlikely to affect consumers.
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Savings Rates Provided by Interest.co.nz
Just one year ago, it seemed unthinkable that officials in Wellington and Sydney, more typically known for their hawkishness…
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