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Incomes rise for mortgage holders as interest rates fall

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[unable to retrieve full-text content]The reduction in interest rates since 2016 has increased cash-in-hand for mortgage holders while also reducing income for those who do not have mortgages through lower deposit rates, a Reserve Bank paper shows.

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The reduction in interest rates since 2016 has increased cash-in-hand for mortgage holders while also reducing income for those who do not have mortgages through lower deposit rates, a Reserve Bank paper shows.
Reserve Bank of New Zealand News Releases
The Reserve Bank of New Zealand is New Zealand’s central bank. We promote a sound and dynamic monetary and financial system.

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