Loan Market News

Reserve Bank says low interest rates ‘an opportunity’

Reserve Bank governor Adrian Orr is calling for New Zealand to take advantage of low interest rates, directly calling for greater investment-signals from central government.

In a speech to a conference hosted by the NZX in Auckland on Thursday, Orr repeated his call that conditions for investing remained good, with a need for new infrastructure, demand growth and an expectation that interest rates will stay low for years.

As well as urging businesses and iwi to invest, Orr issued a direct plea for greater direction from central and local government.

“We have the trifecta of sound government finances, clear infrastructure demands, and low hurdle rates for investing.”

Source; https://www.nzherald.co.nz