Investors Forum |
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09-17-2008
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#1 (permalink) |
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Senior Member
Join Date: Dec 2006
Posts: 35,598
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Crunch puts brakes on mortgage rate cuts
Sharemarket losses aside, the major impact in New Zealand of the credit crisis so far has been higher mortgage rates as our banks must pay a larger risk premium on money they borrow overseas.Westpac research economist Dominick...
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