Global concern about credit risk could increase the funding costs of local banks and lead to higher interest rates for New Zealand borrowers, a banking expert says. – New Zealand Herald
Read the full article at: www.nzherald.co.nz
There has been a lot of loose credit as a result of the effective money printing in the last 8 years, one of the major reasons in my opinion for such things as rampant property prices in Auckland. It will be interesting to see if the current Sharemarket concerns flow onto a tightening of credit and what the effects will be here. Peak of the market? Perhaps.