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
Poll: 🤖 What skills do you think give a CV the ultimate edge in a robot-filled workplace?
The Reserve Bank has shared some pretty blunt advice: there’s no such thing as a “safe” job anymore 🛟😑
Robots are stepping into repetitive roles in factories, plants and warehouses. AI is taking care of the admin tasks that once filled many mid-level office jobs.
We want to know: As the world evolves, what skills do you think give a CV the ultimate edge in a robot-filled workplace?
Want to read more? The Press has you covered!
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52.7% Human-centred experience and communication
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14.7% Critical thinking
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29.6% Resilience and adaptability
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2.9% Other - I will share below!
Wills and Luxon are screwing the country to please the oil and gas industry.
Today the smart investment is in battery peaker plants in combination with solar and wind, or with any other renewable generation capacity during low demand times.
Gas is expensive and will get more so over time.
Let's not forget that Nicola Willis' dad is a big time oil and gas investor, lobbyist, and industry insider.
Maybe this should be posted in ‚Crime & Safety‘?
Lawn and Garden Maintenance, Makeovers and much more
It's that time of the year again when the gardens are growing and those lawns need mowing. I specialise in general garden and lawn maintenance, makeovers, smaller garden spaces, raised garden design, plantings and much more.
If your garden needs a bit of a tidy up or a makeover, book a service now and let's get that garden looking great for Summer.
Your friendly local, Mal (Mr Mal)
••••
Mr Mal's Garden Solutions
Specialising in gardens, lawns and much more...
email: mrmalgardens@gmail.com
or txt me on 0226327026
(+30 years experience, pet friendly service)
Residential and Commercial clients
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