5.5% high interest rates persist in New Zealand, exacerbating inflation and affecting Kiwi families; Taxpayers' Union calls for government expense reduction.
High interest rates remain at 5.5% in New Zealand, stifling growth and impacting Kiwi families. Taxpayers' Union Policy and Public Affairs Manager, James Ross, says the previous government's reckless spending led to runaway inflation and that the current government needs to take action to trim expenses in Wellington to prevent families from facing both high inflation and crippling interest rates for an extended period.
April 10, 2024
3 Articles