How attractive would rates have to be to fix?
In the BNZ Weekly Overview he says in an environment where the Americans look set to keep long rates down by printing more money soon there is little risk to floating now.
Alexander says BNZ analysis suggests that over the next two years the floating rate will average 7.30%.
He says the current two-year rate is 6.7% so were it not for the fact BNZ thinks neither fixed or floating rates will go anywhere for awhile, he would say fix.
"But we see little scope for change soon - and even a risk that fixed rates decline given the fall in wholesale funding costs recently."
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
