Kelly Eckhold: Westpac Chief Economist on the possibility that more banks will lower their interest rates
Early Edition with Ryan Bridge · Newstalk ZB
January 25, 20244m 23s
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Show Notes
Other banks might be following ASB in dropping interest rates.
ASB is dropping its rates on its three, four, and five-year home loan terms.
Westpac Chief Economist Kelly Eckhold says that last year the Reserve Bank warned interest rates may have to rise.
He told Roman Travers that recent developments have likely flipped that around.
Eckhold says low GDP figures signal further rates drops are likely this year.
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Topics
interest rateshome loan rateshome loanskelly eckholdwestpaceconomist