Zero Minus Zero – Why Investors Are Looking For New Income Equations
Article written by InvestNow
June 2008 is a watershed nostalgia month for dewy-eyed NZ term deposit (TD) investors. With the global financial crisis (GFC) just three months away from its crescendo, care-free Kiwis were banking one-year term deposit returns of 8.5 per cent or thereabouts.
In that month the Reserve Bank of NZ (RBNZ) held the official cash rate (OCR) at the 21st century high of 8.25 per cent where it […]