Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about the surprise decision by the RBA in Australia to increase interest rates having hit the pause button last month. On this side of the Tasman, he looks ahead to the RBNZ stability report, which we have already had a sneak peak on, with the central bank acknowledging the financial pain on household and businesses from higher interest rates, while also recognising that the property market has cooled sufficiently to ease loan to value restrictions.

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