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Showing posts with label Reserve Bank announcement. Show all posts
Showing posts with label Reserve Bank announcement. Show all posts

Saturday, August 24, 2019

Henry Armstrong: Retirees beware - he’s after your savings!


Hundreds of thousands of older New Zealanders, after a lifetime of saving for retirement, were astonished recently to find those savings may be under real threat. 

The Governor of the Reserve Bank of New Zealand has made it abundantly clear that both RBNZ and Treasury are actively developing contingency plans for a negative interest regime.