New Zealand's interest rates are at record lows, but nowhere near as low as the US and Europe.
The US Federal Reserve announced this morning it is keeping its key rate on hold at between 0.25 and 0.5 percent.
Thirty year mortgage rates are sitting at 3.39 percent and 15 year mortgages are sitting at 2.62 percent in the US.
Savers are looking at rates of between half a percent and just over one percent, if they are lucky.
Over in Europe the rates are even lower, with the return on "safe haven" ten-year German government bonds now negative.
Investors are effectively paying the German government to look after their cash.