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: Are our Kiwi summer holidays helping us recharge, or holding the economy back? βοΈπ₯
Thereβs growing debate about whether New Zealandβs extended Christmas break (and the slowdown that comes with it) affects productivity.
Tracy Watkins has weighed in ... now itβs your turn. Whatβs your take? π€
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72.7% We work hard, we deserve a break!
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16.5% Hmm, maybe?
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10.8% Yes!
Brain Teaser of the Day π§ β¨ Can You Solve It? π€π¬
How many balls of string does it take to reach the moon?
(Peter from Carterton kindly provided this head-scratcher ... thanks, Peter!)
Do you think you know the answer? Simply 'Like' this post and we'll post the answer in the comments below at 2pm on the day!
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