Currency is declining, the current account is negative and plunging, persistent inflation worldwide, growing debt in US, all suggest that RBNZ might be constrained from allowing a return to easy credit.
The interest rates are ridiculous!! Can you research the USA! Apparently it’s illegal for banks to do what ours d0 Eg they have 30yr fixed rate mortgages!!!!! It’s illegal there to do what ours do
The banksters are responsible for most of the inflation, and they will keep the interest as high as possible......to extract the maximum profit from the public.
By giveing out cheap money to people who can't afford it and or know how to control it,spending money you don't have is a fast way to inflation,that and government spending@@siiiiiiiiiimo
The ORC cooling period was only for the festive season. ORC will level up in January February and start a steady increases from March. Inflation is a terrible thing needs to be controlled.
i think we will be lucky to get more than a .25 cut next year, its going to be tough for a lot of people. i think your right, wont be long till ocr starts creeping up again. check anz mortgage rates, also check term deposit rates, they are still pretty good
That forecast in May was so off the planet. There had already been a couple of 0.5 quarters by then
The last OCR cut of 2024 did nothing for the 3-4-5 year rates
It never meant to be.
Currency is declining, the current account is negative and plunging, persistent inflation worldwide, growing debt in US, all suggest that RBNZ might be constrained from allowing a return to easy credit.
Yeah, living overseas I don't think people realise what damage each cut does to the currency. The-¹% GDP really softened the dollar as well
The interest rates are ridiculous!!
Can you research the USA! Apparently it’s illegal for banks to do what ours d0
Eg they have 30yr fixed rate mortgages!!!!! It’s illegal there to do what ours do
The banksters are responsible for most of the inflation, and they will keep the interest as high as possible......to extract the maximum profit from the public.
No one will believe it but the bankers work hand in hand with the government. Not a coincidence ex-politicians working as ceo cfo for banks
Inflation comes mostly from government overspending Bud, not "Banksters"
@siiiiiiiiiimo inflation is caused.......80% by the banks & 20% from government inefficiency
@@DawidRoos-y7g how exactly do banks cause inflation? Theyre only middle men
By giveing out cheap money to people who can't afford it and or know how to control it,spending money you don't have is a fast way to inflation,that and government spending@@siiiiiiiiiimo
The ORC cooling period was only for the festive season. ORC will level up in January February and start a steady increases from March. Inflation is a terrible thing needs to be controlled.
i think we will be lucky to get more than a .25 cut next year, its going to be tough for a lot of people. i think your right, wont be long till ocr starts creeping up again. check anz mortgage rates, also check term deposit rates, they are still pretty good
All the best for TRUMP25…will be entertaining