What's next?
OCR kept at 5.50%, two in a row with no change in the OCR.
Current monetary policy working as expected to clampdown the domestic spending therefore tracking well to counter the inflation.
Members of the MPC has mentioned:
"The risks around the lagged effect of previous monetary tightening on households and businesses. The average mortgage rate on outstanding loans is expected to rise from around 5% to near 6% by early 2024, and debt servicing costs as a share of income are still increasing."
Reserve bank has no intention to move on OCR rates, as they are working towards bringing the consumer price inflation between 1% - 3% in the second half of 2024.
Some of the economists are still predicting another rise later this year on the OCR, which could be the max.
Interesting times ahead, with election and CPI update in the next three months, which will give some more clarity.
As reserve bank does their OCR review, it is worthwhile reviewing your mortgage, spending at least 5 - 10 minutes, can potentially save you some interest cost.
If you are unsure, you can engage us, we love to explore options and create an opportunity to grow your wealth.
👉 info@skfg.co.nz
👉0210749825
How much are you paying for your bin tags?
With bin tags on the way out, we want to hear how much you are still spending on them.
Happy Monday everyone, can you figure this one out?
What word begins with E and ends with E, but only has one letter?
Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.
Want to stop seeing riddles in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
Q&A: Animal Welfare with SPCA's Dr Corey Regnerus-Kell
We're back with a Neighbourly Q&A session. This time with the Dr Corey Regnerus-Kell who is a qualified veterinarian and SPCA’s General Manager Animal Services.
A little bit about Corey:
Corey has an interest in veterinary medicine, animal welfare, and biosecurity. He shares his home with ostriches, guinea pigs, bees, a rescue tortoiseshell named Lynk, a ragdoll named Oscar, two mini foxies called Chester and Maya and a black Labrador named Bonnie.
Dr Corey Regnerus-Kell is excited to answer your questions on all things animal welfare, whether it's how to best look after your new pet, how to combat separation anxiety or how to report neglect. Share your questions below and he will answer them on Wednesday 31st July.
Loading…
