Live-streamed video from the RBNZ press conference with Governor Graeme Wheeler.
This presentation started at 9:00 am.
(This service requires Adobe Flash.)
Links to the Decision and the Monetary Policy Statement are here.
(Recommendation: Select 55kbps video quality by clicking 'HD' option on video player).
)
10 Comments
Try loose change flooding into the Auckland housing, land banks and commercial/ retail areas.
It may be loose change but at the rate it is arriving, it adds up to a big amount.
Read Barfoots on resdiential and Bayleys hiking commercial.
My question is "What use is this type of investing to NZ Inc and to the citizens of our country ?"
Maybe Winston is right and maybe he deserves his 5% at election time.
And most importantly Spottie, he knows that what he does now won't impact inflation for 12-18mths. Fortunately he isn't as dumb as some here, he knows if he does nothing now, and inflation's above 2% by then and heading higher, 5.5% won't be the top of this cycle, something way higher, and quicker to get there, will be. He must get so frustrated with the idiots, many of whom are the ones likely to be in a situation to be the most hurt by that misjudgement...you can add an least one economist into that list as well, the one that the lefties love to use to suppoort their inane arguments.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.