Yes. New Zealand has extremely high interest rates. I don't know why. My parents have told me that years ago they used to be even higher (10-15%). See these ba

Yes. New Zealand has extremely high interest rates. I don't know why. My parents have told me that years ago they used to be even higher (10-15%). See these banks for examples: - https://www.kiwibank.co.nz/personal-banking/home-loans/ https://www.kiwibank.co.nz/personal-banking/home-loans/ - https://www.asb.co.nz/home-loans-mortgages https://www.asb.co.nz/home-loans-mortgages - https://www.westpac.co.nz/home-loans-mortgages/ https://www.westpac.co.nz/home-loans-mortgages/ Also, it appears that our central bank has an interest rate of 1.5%: https://www.cnbc.com/2022/04/13/new-zealand-central-bank-hikes-rates-by-hefty-50-basis-points-as-inflation-worries-grow.html https://www.cnbc.com/2022/04/13/new-zealand-central-bank-hik....