News

05 September 2019

BNZ Biz Bites - Will we ever see zero % interest rates?

This was the topic presented to our members yesterday at our monthly Biz Bites session.

Phil Townsend, Interest Rate Risk Manager from BNZ is part of a National team that provide interpretations on upcoming economic releases, both domestically and international. Phil presented information on how the OCR is calculated. Phil believes our economy is doing reasonably well and that it is very unlikely we would see 0% interest. However, he believes we may see this go down to as low as .5%.

Phil had a great sense of humour, whilst presenting a topic that is very topical in our financial sector.