May 25, 2022
Interest rates are on the rise. NZ, Canada, the UK, and the United States, have all started bringing rates back to more normal levels, whilst our Reserve Bank followed suit earlier this month.
For those with debt, we've all enjoyed the incredibly low interest rates of the past few years. But all good things must come to an end. And for those with savings, they are quite likely looking forward to getting more reasonable returns on their money.