Banker predicts interest rates will fall next year
Wednesday 30 June 2004
Dr John McDermott, chief economist at National Bank, has predicted interest rates will rise this year and fall back next.
By The LandlordHe made his prediction after the bank's business outlook survey showed confidence edged higher this month.
Dr McDermott says their own activity indicator points to the economy growing at between 2.5 to three per cent in the next 12 months.
And he is relaxed about the general direction of interest rates, Newstalk ZB reported.
Dr McDermott said the higher rates go this year, the sooner they will come down next year.
Read More - Opens in a new window
Commenting is closed
Proving tenant liability for damage has long been a major worry for landlords but a recent Tenancy Tribunal shows that it can be done.
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Vacancy rates in the commercial property sector are set to increase as changing economic conditions dampen demand.