Will The RBNZ act today?

[McDuck]

Many people say that the leadership of the Reserve Bank are a bunch of lame ducks.

That the blowout in house inflation is all their fault.

Some even say that the whole housing market has become totally dysfunctional because of their loose monetary policy.


To put things back on track, many are saying a full 1% increase in OCT (or more will) be needed in today's rate.


Best guess as to their move, before they make it?

All you self proclaimed financial gurus, now's the chance to show off.

You need to pick the exact actual figure to claim credit.

[Jeffa]

Since I am obviously the most highly intelligent self proclaimed guru not only on this forum but in the entire visible universe.

King Jeffa PREDICTS !

A 2bp rise of .50% to an OCR of 1%

Even though it is not in the RBNZ mandate they along with the current government will be killing of the economy and sending NZ into a engineered recession over the next 12 months.

Prediction number 2 comes from Perry:

"The forum Jeffsta Nostradamus is at it again, please new members don't listen to him!

You obviously can't think for yourself so listen to me by closing your eyes and not reading Jeffas posts because he's usually right!!"

[McDuck]

King Jeffa PREDICTS !

A 2bp rise of .50% to an OCR of 1%

You failed to account for the "sackless wonder effect" of slow promotion through the financial system.

[Jeffa]

You failed to account for the "sackless wonder effect" of slow promotion through the financial system.

True dat!...hahaha

[Frezzinghot]

The RBNZ are having the desired effect. My agent said today that many pre approved buyers are all facing a 20% reduction in finance and lots of auctions are being passed in.

[donna]

.25 rise with 7 more hikes to come says Adrian Orr. Will they be all at .25 and will it be a rise every month?

[McDuck]

.25 rise with 7 more hikes to come says Adrian Orr. Will they be all at .25 and will it be a rise every month?

You really want to watch "transitory" inflation in the US and the Evergrande effect in China, to see where this is going.
We are but a small nation, bobbing round a swimming pool of big fat nutcases.

And I do wish Russia would stop showing off by blowing up stuff in orbit.
Just go up there with a net would you.
(I know its not as much fun, but those splinters don't slow down)

[Engineer]

want to know why we have increasing interest rates ?

ask Grant Robusome and Aunty Jacinda I don’t know what GDP is.
they have been very busy running up the credit card

https://tradingeconomics.com/new-zea...nt-debt-to-gdp

we have now overtaken Australia. Yay keep going Bangladesh is within reach.

[McDuck]

want to know why we have increasing interest rates ?

Wrong question.

The real question is why were they so low for so long.