[email protected] kicks off with banking expert Tony Mounce
The first [email protected] event of 2017 kicked off on 2 March, and we were pleased to host keynote speaker and banking expert Tony Mounce.
With a 34-year background in personal and business banking with the BNZ, and his own mortgages and insurance company, Tony is a true ‘all-rounder’ when it comes to finance and helping people set financial goals.
Tony provided [email protected] attendees pertinent and timely advice on interest rates, the tight bank liquidity environment, and future predictions for lending.
“In terms of where interest rates are going, the short end of the market over the next six to twelve months – floating and fixed – will be dictated by New Zealand conditions and the Official Cash Rate, so should be relatively stable,” observed Tony.
“Longer term rates are dictated by world events, and what’s happening in the United States, so really you can take a coin and toss it!”
Tony noted that the banks’ current tight liquidity position, arising from insufficient New Zealand deposits, is creating a challenging climate for borrowers.
“But interest rates are at historically low figures for New Zealand, so it’s not all doom and gloom.”
Justin Haley, Bayleys Christchurch Commercial Sales Manager, says that Tony was a hit with those who attended the event. “Tony has a great reputation in the Canterbury region, and was happy to pass on his vast knowledge. We had great feedback about the event, and are already looking forward to the next one.”