As usual Monday morning is quiet with no rate changes to report. Economic news over the past week has been a mixed bag. Barfoot and Thompson numbers suggest the Auckland housing market maybe picking up again and motor vehicle sales were up. Countering that business confidence was weak, AMI required a bailout and the goverenment continues to prepare us for a black Budget.
On the wholesale interest rate markets little has changed during the week and advice indicates floating rates are the place to be at the moment.
In our news section we talk to Finance Direct to see what the company's plans are now it has bought back the 70% of the company formerly held by NZF.
