ClareBear 💚 Mar 18
#nzpol can anyone explain to me why ANZ and BNZ are raising their mortgage rates today please? #banking #mortgages #costofliving *edit: just ANZ
Show threadJustSayingMar 18

@ClareBear More detailed answer:

Petrol goes up
Everything goes up
Inflation therefore goes up
Rates go up to try to reduce inflation

Show threadClareBear 💚 Mar 18
@ArrestJK ok I’m economically thick! I don’t get the last sentence
Show threadJustSayingMar 18
@ClareBear This MAY help?https://www.investopedia.com/ask/answers/12/inflation-interest-rate-relationship.asp
What Is the Relationship Between Inflation and Interest Rates?

Inflation and interest rates are linked, but the relationship isn’t always straightforward.

Investopedia
Show threadClareBear 💚 
@ArrestJK thanks, wading my way through atm. Back in the day we went to “bookkeeping “ at high school. Now I understand why mr palmer didn’t think I was worth five minutes of his time haha
Mar 18 at 9:46pmWeb
Show threadJustSayingMar 18
@ClareBear I could make it easy in person but typing is difficult that site is pretty good but does assume some knowledge in this already