Wholesale rates jump, affecting term deposit rates. Zoe Wallis Forsyth Barr | H…

Wholesale rates jump, affecting term deposit rates. Zoe Wallis Forsyth Barr | Herald NOW Business <!--mynz:youtube-chapters--> {"v":1,"chapters":[{"timeSeconds":0,"label":"Introduction to Business News","summary":"The video begins with a news anchor introducing the business segment and the guest speaker, Zoe Wallis from Forsyth Barr."},{"timeSeconds":8,"label":"Wholesale Rates Jump in July","summary":"Zoe Wallis explains that wholesale rates have increased by 30 basis points in July, affecting term deposit rates and mortgage rates."},{"timeSeconds":31,"label":"Impact on Term Deposit Rates","summary":"Term deposit rates have seen an increase, with a 6-month deposit yielding 3.5% and a 1-2 year deposit yielding close to 4%."},{"timeSeconds":51,"label":"Real Return on Investment","summary":"The real return on investment is being eroded by inflation, which is currently running at 4.1% year-on-year."},{"timeSeconds":134,"label":"Record Global Borrowing in 2026","summary":"An OECD study suggests that a record $28 trillion in debt will be issued in 2026, with two-thirds of that coming from governments."},{"timeSeconds":225,"label":"Government Debt and Fiscal Responsibility","summary":"The UK's fiscal responsibility is being questioned due to increased government borrowing, with concerns about the sustainability of debt levels."},{"timeSeconds":401,"label":"Alphabet and Tesla Earnings","summary":"The report highlights that Alphabet and Tesla earnings are in focus, with Alphabet's performance being stronger than the market average."},{"timeSeconds":447,"label":"AI Capital Expenditure","summary":"Major tech companies, including Alphabet, are investing heavily in AI capital expenditure, which is expected to yield good returns."}]} <!--/mynz:youtube-chapters-->