Geekzone: technology news, blogs, forums
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
View this topic in a long page with up to 500 replies per page Create new topic
1 | 2 | 3 | 4 
2525 posts

Uber Geek
+1 received by user: 1181

  Reply # 1168802 4-Nov-2014 19:54
Send private message

Dairyxox: Google ZIRP and NIRP.
Sure these arn't mortgage rates we can purchase off the street, but part of a modern "interest rate apartheid".

NZ seems to like high interest rates. (In Japan the rate for home loans is 0.49%...!)

Also if you look at NZ banks, the margin between what they borrow at and what they lend at is much greater than many comparable economies: I estimate our rates are at least 1% greater than they should be.

But so is the savings rate at .5 or 0.25%.  Maybe that is why they prefer to put money in NZ as an overseas investor.

Of course. Japanese housewives borrowing at 0.5% and getting 5% in NZ etc

Yep, the good old Yen carry trade. However, it only works if the currency doesn't move against you. There's a reason why the trade involving shorting Japanese Government Bonds to buy higher yielding ones in other currencies is known as the Widowmakerlaughing

11693 posts

Uber Geek
+1 received by user: 3783

Lifetime subscriber

  Reply # 1168911 4-Nov-2014 22:30
Send private message

joker97: I wonder if it's going to get to 4.99 boxing day special

I still have $250,000 of our mortgage at that rate..!

1 | 2 | 3 | 4 
View this topic in a long page with up to 500 replies per page Create new topic

Twitter »

Follow us to receive Twitter updates when new discussions are posted in our forums:

Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:

Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:

News »

Intel introduces new NUC kits and NUC mini PCs
Posted 16-Aug-2018 11:03

The Warehouse leaps into the AI future with Google
Posted 15-Aug-2018 17:56

Targus set sights on enterprise and consumer growth in New Zealand
Posted 13-Aug-2018 13:47

Huawei to distribute nova 3i in New Zealand
Posted 9-Aug-2018 16:23

Home robot Vector to be available in New Zealand stores
Posted 9-Aug-2018 14:47

Panasonic announces new 2018 OLED TV line up
Posted 7-Aug-2018 16:38

Kordia completes first live 4K TV broadcast
Posted 1-Aug-2018 13:00

Schools get safer and smarter internet with Managed Network Upgrade
Posted 30-Jul-2018 20:01

DNC wants a safer .nz in the coming year
Posted 26-Jul-2018 16:08

Auldhouse becomes an AWS Authorised Training Delivery Partner in New Zealand
Posted 26-Jul-2018 15:55

Rakuten Kobo launches Kobo Clara HD entry level reader
Posted 26-Jul-2018 15:44

Kiwi team reaches semi-finals at the Microsoft Imagine Cup
Posted 26-Jul-2018 15:38

KidsCan App to Help Kiwi Children in Need
Posted 26-Jul-2018 15:32

FUJIFILM announces new high-performance lenses
Posted 24-Jul-2018 14:57

New FUJIFILM XF10 introduces square mode for Instagram sharing
Posted 24-Jul-2018 14:44

Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.

Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.