Interest rates

Tony Alexander's economic commentary.

BNZ Chief Economist, Tony Alexander, writes about interest rates in this week's edition of his Weekly Overview. Download the full commentary below.

Interest rates this week

With a fresh Greece bailout deal agreed investors have taken a glass half full interpretation of developments in Europe at the same time as there is scepticism regarding the ability of the US Federal Reserve to refrain from raising its cash rate before the end of 2014. Therefore medium to long term wholesale interest rates offshore (apart from for debtor countries in Europe) have generally moved up this week.

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