Well done snaps
I sort of hedging my bets a bit eh. Wheeler shouldn't cut rates but they may have got to him and he will feel compelled to cut.
Should be 90/10 to hold but 50/50 if he sucked in .......so now roughly 70/30 to hold
Printable View
Snaps -all primed and ready to go to trade that spike (up hopefully or down) at 9 am
Maybe for a selected few its 8.59 am .....how cynical
Cut 25bps! Funny, in the last couple of days I started to get the gut feeling they may cut, but was probably 50:50 on it rather than 25:75 previously. NZD down around 2% at one point! RBNZ indicating more cuts as well. Seems their economic forecast is quite different to the government's.
Perhaps he does Winner, but his view is more aligned with mine than yours or the political spin of the government. ;-)
Winner, that's your inference it wasn't mine.
All I said was that your outlook is aligned with the Government's.
Banks celebrating their win today, even better news for them as no mention of any future increases but more cuts likely
As foreign wholesale funding rates creep up (ie higher costs for local banks) they now every excuse to screw NZ depositors even more to make up the shortfall.
Well done Cam Bagrie et al, you have done a good job for your bosses.