yes but as the economy goes down the toilet this year mostly younger people will lose there jobs , so rate cut wont help them
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RBNZ in full panic mode
Reserve Bank cuts official cash rate to 0.25 per cent for 12 months
https://www.stuff.co.nz/national/hea...cial-cash-rate
Right move by RBNZ.
Will provide relief to indebted companies and householders when they most need it, and
Lower NZ$ will aid our export sector to cushion the downturn.
Well done, Adrian Orr! :t_up:
Will we see our mortgage interest down?
Not impressed, nothing on deposit insurance or OBR...go hard go early...with a dose of stupid seems the approach. This will not passed on to to small businesses who will be assessed as more risky...pathetic. Given fixed rate lock up...delayed impact...for now a bank benefit package!