NZ10Y down 10 bps after hearing RBNZ ...market also thinks RBNZ preparing it for cuts in near future ...NZX shud become buoyant now for some years ahead
The best car deals are the third third third at zero percent interest. Match the cashflow with depreciation expense, GST back etc. I negotiate that every time. If they don't do that then no deal.
Economy. The hurt is real, that's for sure. But I'm not going to have sympathy for cars salesman doing it tough. They have had a very good run through the last economic cycle.
Or use a 1% loan from bank for PHEV and invest for 3 years and get cash discount in car purchase
NZ10Y down 10 bps after hearing RBNZ ...market also thinks RBNZ preparing it for cuts in near future ...NZX shud become buoyant now for some years ahead
Poor Adrian …feeling the pressure from bank economists and the media and saying and doing things he doesn’t really want to
Should have increased today and talked hawkish
The lady on OneNews tonight will be really excited …going to be a must watch
”When investors are euphoric, they are incapable of recognising euphoria itself “
Change in tone, or more a complete flip flop from last time’s “the Committee discussed the possibility of increasing the OCR”.
Yeah but who do you believe? RBNZ in May? RBNZ in July? Can’t wait to see what might come out in August (a 50bp hike expectation would be consistent with how much they dart around!). It’d be useful if they could explicitly say “we shifted from a possible hike because XYZ”
(To be clear, I’m being silly with the 50bp hike expectation - but jeez is it hard to know what RBNZ MPC you get on any given day)
”When investors are euphoric, they are incapable of recognising euphoria itself “
Seems lots of ‘risk’ …makes you wonder whether the RBNZ really understands the difference between a ‘risk’ and an ‘issue’. This from theirvreview -
The Committee discussed the balance of risks to the inflation outlook. Members noted a risk that domestically driven inflation could be more persistent in the near term. However, there is also a risk that price setting behaviour and inflation expectations could normalise more rapidly as headline inflation declines.
Members discussed risks to the economic outlook stemming from Government policy. They discussed the challenge of delivering fiscal consolidation. In addition, some members noted that Government regulatory reforms may affect pricing behaviour in several sectors and the productive capacity of the economy. The net impact of these policies remains uncertain.
”When investors are euphoric, they are incapable of recognising euphoria itself “
The RBNZ left the OCR at 5.50% but acknowledged evolving risks. Next week's CPI data will be a crucial input into the question of when OCR cuts come. t.ly/oaAzA
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Originally Posted by Toddy
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