Posts Tagged ‘Finace’

Wealth tax and negative interest hit retired and poor

Thursday, September 24th, 2020
retired and poor

Retired and poor New Zealanders are most likely to feel the impact of negative interest rates. Increased inequality and a worsening of the wealth gap are likely outcomes of the Official Cash Rate (OCR) falling below zero, warn ASB economists. The ASB warns that from a longer-term perspective zero interest rates could actually create wider Read more