Interest rates may not be going up or down much any time soon.
The Reserve Bank is keeping the Official Cash Rate unchanged at 5.5%, in line with most economists' expectations.
Vittoria Shortt, ASB’s CEO, told Mike Hosking that both personal customers and businesses are coping with the higher rates, but are making big sacrifices to do so.
She said that across the board, their business clients are doing well but not without making trade-offs or sacrifices.
Some industries, Shortt said, are experiencing more stress, some are coming out of that stress, and some that are really keen to grow.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.