549 days ago

πŸ”” RBNZ OCR Decision 2pm Wednesday: What Can We Expect?πŸ””

Financial Adviser, Director from adviceHQ

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 Zealand’s 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

Image
More messages from your neighbours
2 days ago

Poll: Should the government levy industries that contribute to financial hardship?

The Team from Neighbourly.co.nz

As reported in the Post, there’s 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 πŸͺ™πŸ’°πŸͺ™

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?

Image
Should the government levy industries that contribute to financial hardship?
  • 58.9% Yes, supporting people is important!
    58.9% Complete
  • 25.1% No, individuals should take responsibility
    25.1% Complete
  • 16% ... It is complicated
    16% Complete
538 votes
3 days ago

A Neighbourly Riddle! Don’t Overthink It… Or Do?😜

The Riddler from The Neighbourly Riddler

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?

Image
1 day ago

Night-time chipsealing works on SH2

NZ Transport Agency (NZTA)

From 9 to 17 February, stop/go traffic management will be in place on SH2 between McPherson Road and Dimmock Road on multiple nights between 9pm and 5am (Sundays to Thursdays).

During the day, all lanes will be open, but speed restrictions will apply to allow the chipseal to set and to protect vehicles travelling over the newly laid surface.

There may be delays to your journey when travelling through the area. This is weather dependent so check NZTA Journey Planner before you travel.
Click to find out more

Image