It’s all quiet in the rates front at the moment with only Housing Corporation moving rates yesterday. However there continues to be plenty of discussion around the pricing of short term interest rates and margins. The latest on this is a report yesterday from the Finance and Expenditure select committee which again has a go at banks.
Meanwhile we have BNZ chief economist Tony Alexander picking three year rates as his preferred opinion, rather than the cheaper short-term rates.
Today we also report on PSIS and its plans to return to the broker market.
