https://www.stuff.co.nz/business/132...ity-phased-out
This side of inflation control is not fully appreciated by markets ...
Also for first time in NZ history stocks are becoming more attractive then rental property ...
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https://www.stuff.co.nz/business/132...ity-phased-out
This side of inflation control is not fully appreciated by markets ...
Also for first time in NZ history stocks are becoming more attractive then rental property ...
yep agree 25 - 50 increase this wednesday
markets had big move up in rates after budget pricing in higher OCR so be surprising if ORR didnt raise OCR due to higher migration/increase in budget spending/cyclone spending
and yes if US defaults that will bring about a end to the rate rising very quickly :) and probably QE again
Doubt neutral.
That money left in the hands of those it was taken from would perhaps be somewhat used to increase productive capacity, invested wisely.
In the hands of the state it will be wasted and used to decrease productive capacity and spent on KFC and fuel.
Thanks Percy ,a good read.I have a mix of growth and value from nanocap to largecap which has made investing simpler with ample reward.
Most home loan borrowers are yet to roll onto the new rates. This will continue to increase over the next 18 months.
Orr said at the last meeting that banks hadn't passed on the previous rate rise, so here's another 50bp.
That says to me he wasn't wanting to go 50bps last time but the banks forced his hand.
This time around the banks are doing the opposite and factoring in 50bps.
My guess is that Reserve Bank will either go into holding pattern to see the impact of what they have already done or go 25bps.
The debt ceing has been raised something like 78 times in 60 years. Soon to be 79.