π RBNZ OCR Decision 2pm Wednesday: What Can We Expect?π
Markets have spoken! The 2yr swap rate (bank wholesale funding rate) has dropped to Sep 2022 levels (4.19%), down 1.6% from the peak on 4 Oct 2023 (5.79%).
The latest inflation and unemployment statistics have left the door wide open for OCR cut/s. The only unknown variable is the RBNZ itself, the organization tasked with "protecting and promoting the stability of New Zealandβs financial system."
At adviceHQ, we assist clients in both increasing and decreasing rate environments. Contact us for independent financial advice on your mortgage refix, restructure, or refinance.
#advicehq #RBNZ #ocr #financialadvice #mortgages #interestrates
Poll: Should the government levy industries that contribute to financial hardship?
As reported in the Post, thereβs a $30 million funding gap in financial mentoring. This has led to services closing and mentors stepping in unpaid just to keep helping people in need πͺπ°πͺ
One proposed solution? Small levies on industries that profit from financial hardship β like banks, casinos, and similar companies.
So we want to hear what you think:
Should the government ask these industries to contribute?
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58.4% Yes, supporting people is important!
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25.8% No, individuals should take responsibility
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15.8% ... It is complicated
A Neighbourly Riddle! Donβt Overthink Itβ¦ Or Do?π
Do you think you know the answer? Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments at 2pm on the day!
If you multiply this number by any other number, the answer will always be the same. What number is this?
Poll: As a customer, what do you think about automation?
The Press investigates the growing reliance on your unpaid labour.
Automation (or the βunpaid shiftβ) is often described as efficient ... but it tends to benefit employers more than consumers.
We want to know: What do you think about automation?
Are you for, or against?
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9.7% For. Self-service is less frustrating and convenient.
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43.2% I want to be able to choose.
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47.1% Against. I want to deal with people.
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