Taking the temperature on what’s in store for interest rates and lending, Bayleys@5 will kick off its first event of the year on 2 March, with 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. He has been honoured with a number of prestigious business and advisory awards.
Investors, developers, property owners and others interested in learning about the latest trends for 2017 won’t want to miss Tony’s insights on what’s ahead and how to plan to get the most out of the market.
Tony will give an in-depth perspective on interest rates, the tight bank liquidity environment, and future predictions for lending at Bayleys@5, followed by a Q&A session and networking opportunities.
“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,” observes 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!”
He notes 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.”
Tony Mounce is the latest in a string of high profile speakers for Bayleys@5, which has previously hosted BNZ Chief Economist Tony Alexander, Christchurch investment advisor Steve Clarke, and Chris Stanley and Hayden Doody of Telfer Young Valuation.
“We are delighted to have Tony as our latest speaker,” Justin Haley, Bayleys Canterbury Commercial Sales Manager says. “He has a great reputation throughout the Canterbury region and we thought it’d be a perfect to start the year with an overview of the market for 2017.”
Bayleys@5 with Tony Mounce is on 2 March at 3 Deans Ave, Riccarton, Christchurch. Drinks and nibbles will be from 5pm, with the main event starting at 5.30pm. To reserve your seat email email@example.com or call 03 375 4700. Click here to find out more about the event.