The RBA holding was a surprise, I think we'll still get a good cut tho, probably at least .75 I think.
If the house prices are still going down in the Feb QV figures it could help the chances of a good cut.
Aussie has only had 3-4% decline in house prices so far I think, so maybe can afford to hold off a little, their inflation may still be a bit higher than ours.
What is the point in RBNZ holding off really? things are sharply getting worse overseas, may as well give people a little extra money as soon as possible, if they don't want to save it that's their problem, inflation is not a problem.
It's pretty obvious to most that the OCR will get to either 2 or 2.5% anyway, it's now just a matter of time.
If the house prices are still going down in the Feb QV figures it could help the chances of a good cut.
Aussie has only had 3-4% decline in house prices so far I think, so maybe can afford to hold off a little, their inflation may still be a bit higher than ours.
What is the point in RBNZ holding off really? things are sharply getting worse overseas, may as well give people a little extra money as soon as possible, if they don't want to save it that's their problem, inflation is not a problem.
It's pretty obvious to most that the OCR will get to either 2 or 2.5% anyway, it's now just a matter of time.
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