Tag: government
NZ Government To Kickstart Economy By Giving Out Loans
by admin on May.06, 2009, under Politics, NZ and the World
NZ Government could and should get us out of this recession.
NZ Herald article today highlighted that
Banks’ reluctance to pass official cash rate cuts on to borrowers is hitting businesses even harder than home buyers.
One key Reserve Bank measure of business borrowing costs has barely budged since the central bank began cutting less than a year ago.
The government commented
“Banks are crying they have to pay more for money they get overseas and that’s why rates have held up, but business rates have held up much higher than those for home owners and I don’t think that’s fair or right.”
