Interest Rates

[Jeffa]

Footage from ASB head office.

[Hound]

Footage from ASB head office.

This is what they mean when they say, "Can't get good staff these days!" ASB could have just as easily waited a few hours. Not a good look.

[Frezzinghot]

This is what they mean when they say, "Can't get good staff these days!" ASB could have just as easily waited a few hours. Not a good look.

Wow this subject should be in the conspiracy theory thread. You just can’t make this stuff up.

I mean please.

[Frezzinghot]

[JBM]

Bring it on .... just maybe if all the banks got to 2.55% as the lowest fixed term rate ..it might take some heat out of our insanely overpriced market >>>

[Jeffa]

The Yanks have it planned out right.

If we pull the trigger too soon and raise the OCR we'll be a low wage high debt economy.

US treasury falling hard overnight.

[Jeffa]

Inflation data released 3pm Friday?

Previous 1.5%

Consensus 2.8%

If it goes above consensus or 3% watch the inflationists scream from the roof top "THINK OF THE POOR! YOU MUST RAISE INTEREST RATES NOW!!"

Positives:

-Molly and Milineal Manu get to stretch there welfare and entry level salary further

-They can save more for a home
-?

Negatives:

-NZD will head above 75c hitting 80c in 6 to 12 months.. exports slump slowing the region's and reversing there house prices.

-NZX50 already down 3% this year relies on lower interest rates for investment,lower investment in our biggest companies.

-100 billion of government debt becomes harder to pay off with less tax take ..unless a CGT is introduced.

-Our 3 biggest trading partners are not going as hard so early ,we will fall further behind Australia in wage growth.

- Flat Growth, flat wage's to pay back all the debt you ticked up the past year.

Congratulations inflationists if you win , you have your wish..a stagnant economy and NZ.

For the record I believe we are heading towards deflation unfortunately the controlled way through monetary policy.

I still plan on doing well either way

-I will short the Kiwi when I believe it's peaked.

-Interest rates rises have little effect on my finances and I will be pumping tens of thousands over the coming months into stronger Australian and US share markets.

I will win regardless and there will be many more experienced investors who will do the same.

-I can and will make a 15 to 35% return on a 3 to 4% refinance using a favourable exchange rate , investing in other economies.

[Perry]

The Yanks have it planned out right..

A nation that doesn't know the difference between a donkey and their buttocks should not be trusted.

[Jeffa]

A nation that doesn't know the difference between a donkey and their buttocks should not be trusted.

A pleasantly Civil response...I've tried posting my opinion on interest.co.nz and they are prepared to lynch me from the nearest tree! While there hoping I go bankrupt before my last breath..

Atleast landlords will be protected from the new hate speech laws...?

[Wayne]

Inflation data released 3pm Friday?

Previous 1.5%

Consensus 2.8%

If it goes above consensus or 3% watch the inflationists scream from the roof top "THINK OF THE POOR! YOU MUST RAISE INTEREST RATES NOW!!"

3pm - where did you get that from?
3.3% for the last year

[Jeffa]

3pm - where did you get that from?
3.3% for the last year

Really? Wayne I don't work at stats NZ I don't know what time they released the data..

[Wayne]

This is what they mean when they say, "Can't get good staff these days!" ASB could have just as easily waited a few hours. Not a good look.

And then the other banks followed - no wait needed really.
Maybe ASB are just more on the ball?

[donna]

KEEP ON TOPIC PLEASE

Posts that are attacking the person have been removed.

regards,

Donna

[Jeffa]

Inflation data released 3pm Friday?
Previous 1.5%
Consensus 2.8%
If it goes above consensus or 3% watch the inflationists scream from the roof top "THINK OF THE POOR! YOU MUST RAISE INTEREST RATES NOW!!"
Positives:
-Molly and Milineal Manu get to stretch there welfare and entry level salary further
-They can save more for a home
-?
Negatives:
-NZD will head above 75c hitting 80c in 6 to 12 months.. exports slump slowing the region's and reversing there house prices.
-NZX50 already down 3% this year relies on lower interest rates for investment,lower investment in our biggest companies.
-100 billion of government debt becomes harder to pay off with less tax take ..unless a CGT is introduced.
-Our 3 biggest trading partners are not going as hard so early ,we will fall further behind Australia in wage growth.
- Flat Growth, flat wage's to pay back all the debt you ticked up the past year.
Congratulations inflationists if you win , you have your wish..a stagnant economy and NZ.
For the record I believe we are heading towards deflation unfortunately the controlled way through monetary policy.
I still plan on doing well either way
-I will short the Kiwi when I believe it's peaked.
-Interest rates rises have little effect on my finances and I will be pumping tens of thousands over the coming months into stronger Australian and US share markets.
I will win regardless and there will be many more experienced investors who will do the same.
-I can and will make a 15 to 35% return on a 3 to 4% refinance using a favourable exchange rate , investing in other economies.

Key points Roger J Kerr mentioned in this article.

https://www.interest.co.nz/currencie...g-our-regional

-Interest rates won't make any difference to importanted consumables like petrol,it will only be more expensive because you have less cashflow.

-The bank's will benefit from higher interest rates hence there over exaggerated view the economy is over heating.

-The Finance Minister has said inflation is a sign the economy is on track to recovery..so why stop it ?

-NZ has lowest vaccinated population in the world,we could have another break out like Sydney.

[donna]

^^ yeah you’d think they’d stop the money printing and see if spending continues so businesses can boost their coffers before raising interest rates.

cheers
Donna