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I get asked daily what’s happening with interest rates. To answer this question, it’s useful to first define what may affect interest rates. The major influence on interest rates is inflation. As inflation rises, interest rates rise to curb inflation (spending). As inflation falls, interest rates fall to spur spending and economic growth.
So often I talk about investment from an Auckland perspective because that’s where I’m based and that’s where I’m most familiar. However, I’m lucky enough to have some strong working relationships across the country - in particular Christchurch. So here’s a slightly different perspective for a change.