Interest Rates going up??

[Marc]

Hi all,

I would love to here peoples comments about the possiblity for interest rates going up->

http://onenews.nzoom.com/onenews_detail/0,1227,235164-1-453,00.html

Best Regards

Marc

[inzvestor]

Interest Rates

Have been raised in the UK in the past few days - wouldn't be surprised if there is a rate increase - more revenue for the govt !!

[Marc]

hehe...

They don't need anymore money!!

Look at this article

http://www.stuff.co.nz/stuff/dominionpost/0,2106,2723293a6000,00.html

Best Regards

Marc

[Rae]

Hi all,

Just thought I would put my two cents in here for what it's worth. I have had no indication from all my contacts throughout all major lending institutes that interest rates will continue to rise, my personal opinion is the same, infact more that they are stablising and will remain as they are over the next couple of years,

Interest rates will always be affected and influenced with regards to world events and the like, and of course no-one can foresee the unforeseeable so I must again point out that this is a personal opinion based on 10years within the industry and the people I deal with on a day to day basis.

Rae

[muppet]

Hi Guys

I feel that the floating rate must go up soon.
Why?
Because the gap between 90 day bank bills and the floating rate is now down to 1.65%. I don't think it as been this low for quite some time.

Not long ago the gap was over 2%.
Sooooooo floating rates will go up sooner rather than later so that banks an keep their margin up. Unless of course, 90 day bank bills drop very shortly.

Regards

[muppet]

Hi Guys

Yep I was right.

Westpac raised floating rates this morning.

Postbank have also raised their fixed rates.

Regards