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RBNZ forecasting 5% increase to the end of 2021 then another 5% in first half of 2022 before eventually going flat from September 2022 then reversing in 2023/24. Dropping values. 6%
Trust me I'm confused by there forecast as well.
In real terms 5% increase per annum between now and 2024.
Caught out by the rapid changes wrought by the sudden onset of delta covid, ANZ has back-tracked some of its home loan rate rises pushed through a week ago just before the RBNZ MPS
^^ that's a good rate. I got in with 2.19 a couple of months ago so thankful for that. Just read article re. UK recovery and how their realistic that inflation will go beyond 2% but it will be transitory so no push up of interest rates as it's expected to fall back below 2 by 2023. Why can't our RBNZ be as smart?
^^ that's a good rate. I got in with 2.19 a couple of months ago so thankful for that. Just read article re. UK recovery and how their realistic that inflation will go beyond 2% but it will be transitory so no push up of interest rates as it's expected to fall back below 2 by 2023. Why can't our RBNZ be as smart?
cheers,
Donna
Yes I was also offered 2.19% but was dillying around and when I got round to confirming a rate it had gone up. Minor though.
With covid queen Cindy lording it over NZrs and Boris giving Brits freer range, no comparison could be valid.
When Britain relaxed their anti-covid measures, Boris was roundly and soundly condemned as a killer. I presume that if all hell had broken loose, the NZ government's $105M taxpayer-paid-for propaganda arm - NZ's mudstream media, would've had a field day in support of comrade commissar's lockdowns. But nary a word.
On that basis, I'm guessing that the doomsayers were wrong about Britain. Anyone hearing anything from a personal contact, over there, about the situation? A newspaper clipping just in from the U.K. . . .
The RBNZ will signal negative interest rates around September, to coincide with the bankruptcy and closing of many big & small companies as wage subsidies run out and financial reports are released,they will be bad real bad. It will lead to a second share market crash worldwide.
Yet another failed prediction.
Listen to the forum Jeffsta [anal] oracle at your own risk.
That's OK, I was never away. I gather you think you are being funny - you aren't in the slightest.
It isn't my fault that your are ignorant - I'm only trying to help you communicate better but some people are beyond help.
I see that you ignored the main point - typical.
I'll leave you to it now - you mostly talk to yourself.
That's OK, I was never away. I gather you think you are being funny - you aren't in the slightest.
It isn't my fault that your are ignorant - I'm only trying to help you communicate better but some people are beyond help.
I see that you ignored the main point - typical.
I'll leave you to it now - you mostly talk to yourself.
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