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Jenee Tibshraeny: NZ Herald Wellington business editor on depositors rushing to take advantage of high interest rates

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Manage episode 438056072 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Savers have rushed to lock in high interest rates ahead of the Reserve Bank cutting the OCR for the first time in more than four years.

New RBNZ data shows households put an extra $2.1 billion in term deposits in July - which saw the amount of money held in term deposits rise to a record $136 billion.

NZ Herald Wellington business editor Jenee Tibshraeny explains why people have been making these choices.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

7279 episodes

Artwork
iconShare
 
Manage episode 438056072 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Savers have rushed to lock in high interest rates ahead of the Reserve Bank cutting the OCR for the first time in more than four years.

New RBNZ data shows households put an extra $2.1 billion in term deposits in July - which saw the amount of money held in term deposits rise to a record $136 billion.

NZ Herald Wellington business editor Jenee Tibshraeny explains why people have been making these choices.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

7279 episodes

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